earn 16 percent from the state government。 The next day he sent me an article about why my investment was dangerous。 I have received 16 percent for years now； and he still receives 6 percent。
I would say that one of the hardest things about wealth building is to be true to yourself and be willing to not go along with the crowd。 For in the market； it is usually the crowd that shows up late and is slaughtered。 If a great deal is on the front page； it's too late in most instances。 Look for a new deal。 As we used to say as surfers： 〃There is always another wave。〃 People who hurry and catch a wave late usually are the ones who wipe out。
Smart investors don't time markets。 If they miss a wave； they search
for the next one and get themselves in position。 Why this is hard for most investors is because buying what is not popular is frightening to them。 Timid investors are like sheep going along with the crowd。 Or their greed gets them in when wise investors have already taken their profits and moved on。 Wise investors buy an investment when it's not popular。 They know their profits are made when they buy； not when they sell。 They wait patiently。 As I said； they do not time the market。 Just like a surfer； they get in position for the next big swell。
It's all 〃insider trading。〃 There are forms of insider trading that are illegal； and there are forms of insider trading that are legal。 But either way； it's insider trading。 The only distinction is how far away from the inside are you？ The reason you want to have rich friends who are close to the inside is because that is where the money is made。 It's made on information。 You want to hear about the next boom； get in and get out before the next bust。 I'm not saying do it illegally； but the sooner you know；
