I view myself as a fairly successful human being as far as society defines "successful". Graduated college, have a job, no debt, have my 5 basic needs (there are 5 right?) etc. So why is it successful people have such trouble investing? I'm not implying I'm successful in the market, but in my attempt to become successful I'm looking at what other people do wrong and I try to do the opposite. If that is combined with trying to replicate what others do right, the odds of success should be pretty good...theoretically. Afterall, if 5 years of failure while learning allows me 30 years of success, I think I can live with that.
There are lots of theories about why investing is difficult. Why can the average, or even above average, professional be a below average investor? My opinion is this: in a "typical" career, work is given and one uses current information and current and past knowledge to complete the present task. The keyword here is present. Results are (relatively) immediately seen. When investing, current information and current and past knowledge is used to predict the future direction of a company. Immediate results are not seen which is completely contrary to what everyone is so used to when putting work into anything. Not to mention no matter what the available current information, the future will always hold things one cannot possibly know ahead of time. Let's face it, human's just aren't that great at predicting the future. Combine that with the fact that there are a lot more shitty companies than good ones, it makes it pretty evident why people have so many problems. The conclusion I have drawn from the above is this -- everyone is so used to seeing immediate results, that when they have to wait to see them, they are immediately convinced something is wrong. It's what their job tells them, it's what society tells them (if you aren't doing x or y or z at time a b or c in life, somethings wrong) and that is the battle each person fights when the longer term market crosses paths with the immediateness of every day life.
These posts are not meant to be taken as investment advice. Everything written is solely the opinion of the poster.