“Humility is not denying your strengths, humility is being honest about your weaknesses.” – Rick Warren
I believe that being humble in your property investment journey is one of the most important things you need to be aware of.
Having this kind of attitude going into deals or when dealing with clients allows you to avoid getting too ahead of yourself and making a bad call. It is essential to stay humble because it helps you develop a more thoughtful approach to interacting with others and influences how you perceive yourself and the world around you.
Humility is also the recognition that, despite our knowledge of the potential market and economic developments, we can never be assured of the precise course of events. As a result, it’s a discipline that helps us better prepare for potential outcomes so we’re always prepared.
Investing with humility helps the investor develop discipline instead of assuming that something will happen and making investments. In line with that assumption, they are better prepared for what might occur. They can, therefore, be more patient and allow investment themes to change as the markets do.
With this, do you think more people should start making investing with humility a more common practice? I would love to know your thoughts about this.
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