“Play Your Own Game” is an article written by Morgan Housel. He emphasizes the importance of recognizing that investing is not a one-size-fits-all endeavor. Just as different sports have different objectives and require different skills, individuals have varying investment strategies, goals, and preferences.
Housel argues that treating investing as a single game with universal rules is flawed and leads to misunderstandings and unproductive debates. Investors should be less judgmental of others’ approaches and focus on defining their own game and sticking to it. The article advises readers to understand their unique objectives, risk tolerance, and desired outcomes and avoid being influenced by individuals playing different games. In essence, Housel encourages investors to be mindful of their own path and not feel compelled to conform to others’ strategies or expectations.
His advices:
1. Judge less.
At least half the people doing things with money that you disagree with are playing a different game than you are. You probably look just as crazy in their eyes.
2. Figure out what game you’re playing, then play it (and only it).
So few investors do this. Maybe they have a vague idea of their game, but they haven’t clearly defined it. And when they don’t know what game they’re playing, they’re at risk of taking their cues and advice from people playing different games, which can lead to risks they didn’t intend and outcomes they didn’t imagine.
《玩自己的游戏》是摩根·豪塞尔（Morgan Housel）撰写的一篇文章，强调了认识到投资并非一种适合所有人的模式的重要性。就像不同的体育运动有不同的目标和需要不同的技能一样，个人的投资策略、目标和偏好也各不相同。
豪塞尔认为，将投资视为一个拥有普遍规则的单一游戏是有缺陷的，并会导致误解和无果的辩论。投资者应减少对他人方法的评判，专注于定义自己的游戏并坚持下去。文章建议读者了解自己独特的目标、风险承受能力和期望收益，并避免受到玩不同游戏的人的影响。总的来说，豪塞尔鼓励投资者注意自己的道路，不感到被迫遵循他人的策略或期望。
他的建议如下：
1. 尽量不要评判别人。
至少有一半与你在金钱方面意见不合的人正在玩一种与你不同的游戏。在他们眼中，你可能看起来也同样疯狂。
2. 确定你正在玩的游戏，然后只玩这个游戏。
很少有投资者这样做。也许他们对自己的游戏有一个模糊的概念，但他们没有清晰地定义它。当他们不知道自己在玩什么游戏时，他们就有可能从那些玩不同游戏的人那里获得指引和建议，这可能会导致他们未曾预料到的风险和结果。
#playyourowngame
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