The 3 Most Important Lessons I’ve Learned as an Investor

Estefanía Campos  | 02 de mayo de 2018  | Vistas: 90

As part of the event “Can a financial market bring you a future?”, Dickson Buchanan Jr. shared the three most important lessons he has learned as an investor. For Dickson, the world is as a source of opportunities and potential if we allocate capital.

Human beings fundamentally are capital allocators, we are constantly arranging and organizing capital in different ways to achieve a specific purpose.”

In his presentation he talks about three aspects to take in consideration to invest, with the goal of making less mistakes, making BETTER mistakes (that actually teach you something) and redefine “success”:

Don’t let someone else define success for you, find out what you want and pursue it.”

  • The Importance of Planning

Buchanan emphasizes that you need to have a clear and defined perspective of where you are standing and what is you goal, so that you don’t get lost and take impulsive actions. If you actually make a profit out of one of your investments, it's crucial that you don’t get blinded by success, because it could lead you to committing huge mistakes.

Your plan should be: written down, focused and singular in its objective and as comprehensive as possible.

  • The Importance of Process

You should have a process for making and evaluating decisions and a systematic way of evaluating our execution and gathering crucial information to continuously improve our plan. Is also important to know you can correct you course anytime, with the goal of guaranteeing the best chances of success.

Dickson explains some key takeaways on how to give yourself a higher probability of success.

  • The Importance of Patience

What does patience look like in markets? He says even though you might lose money when a certain investment is not doing well, you should be patient and persevere. Later he gives a few advice on how to cultivate patience in financial markets by knowing what you own better than anyone and being humble to keep learning everyday.

Don’t miss Buchanan’s inspiring lecture to learn how to improve your chances of success as an investor.

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Economist and investor


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín