{"id":5242,"date":"2024-12-06T09:33:11","date_gmt":"2024-12-05T23:03:11","guid":{"rendered":"https:\/\/strawman.com\/blog\/?p=5242"},"modified":"2024-12-06T09:33:54","modified_gmt":"2024-12-05T23:03:54","slug":"pick-your-battles","status":"publish","type":"post","link":"https:\/\/strawman.com\/blog\/pick-your-battles\/","title":{"rendered":"Pick your battles"},"content":{"rendered":"\n

Ian Cassel absolutely nails it with this tweet<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

On the ASX alone there are over 2,000 individual stocks. There’s something like 10,000 across all US equity markets. It’s impossible to have a thorough understanding of every single one.<\/p>\n\n\n\n

The good news is, you don\u2019t need to. In fact, you shouldn’t even try.<\/p>\n\n\n\n

Having a take on every company doesn\u2019t make you smarter, it makes you distracted. The more you spread your mental bandwidth, the less focus you have to truly understand the companies that do matter: the ones you own.<\/em><\/p>\n\n\n\n

The beauty of investing is that you don\u2019t need to be right about every company. You have the luxury of choice — and you can afford to be extremely fussy.<\/p>\n\n\n\n

Remember, the market rewards focus. Breadth of knowledge doesn\u2019t win — depth<\/em> does. And owning a stock means understanding it, like, really<\/em> understanding it.<\/p>\n\n\n\n

What problem is this company solving? How does it make money? What risks could derail it? These aren\u2019t questions you can answer when your attention is pulled in a thousand directions. <\/p>\n\n\n\n

Selective conviction<\/em> is the name of the game. It’s not too dissimilar to poker; you don\u2019t need to play every hand to win, just the ones where you have a clear edge.<\/p>\n\n\n\n

Besides, trying to be across everything is exhausting. It only leads to feeling stressed and overwhelmed, not smarter.<\/p>\n\n\n\n

You just need to make peace with the fact that you will miss plenty of opportunities. Everyone does. As they say, when you compare, you despair — and envy is never going to lead to better outcomes.<\/p>\n\n\n\n

Investing isn\u2019t about being omniscient. It\u2019s about being intentional. The market rewards focus, because focus leads to conviction, and conviction is what allows you to buy and hold through volatility.<\/p>\n\n\n\n

So, stay disciplined, stay selective, and remember: the best investors aren\u2019t the ones with the most opinions — they\u2019re the ones with the strongest convictions.<\/p>\n\n\n\n

Strawman is Australia\u2019s premier online investment club.
Members share research & recommendations on ASX-listed stocks by managing Virtual Portfolios and building Company Reports. By ranking content according to performance and community endorsement, Strawman provides accountable and peer-reviewed investment insights. <\/em><\/p>\n\n\n\n

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Ian Cassel absolutely nails it with this tweet On the ASX alone there are over 2,000 individual stocks. There’s something like 10,000 across all US equity markets. It’s impossible to have a thorough understanding of every single one. The good news is, you don\u2019t need to. In fact, you shouldn’t even try. Having a take on every company doesn\u2019t make […]<\/p>\n","protected":false},"author":5,"featured_media":5247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"\nPick your battles - Strawman Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/strawman.com\/blog\/pick-your-battles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pick your battles - Strawman Blog\" \/>\n<meta property=\"og:description\" content=\"Ian Cassel absolutely nails it with this tweet On the ASX alone there are over 2,000 individual stocks. 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