Lesson #3: Be amazingly passionate

Dev Saab’s passion for work was amazing.He loved his work so much that he was still working at the age of 88, and with high levels of energy and zest. When asked, he said that he got the energy from his work.

When you are creative, the mind has to be strong. It’s the mind that is expected to take the body along.

This also holds true for investing.

You have to figure out whether you are passionate about speculation, or whether investing for the long term is what drives you. This is because if you go against your passions, your actions will be lifeless and you will always be on the lookout for people to blame for your own mistakes.

If you are passionate about investing for the long term, you’ll never have to stress about the daily movement in stock prices. You’ll just get up every day and have a lot of fun with investing, whatever the markets are doing.

Also, only when you are passionate about investing will you be willing to do the hard work that is required to become an independent and successful investor.