10 Evils You Must Defeat To Create Wealth

Vijayadashami celebrates the victory of good over evil. In investing, too, the greatest enemy is not the market, but the biases and behaviors within us.

Here are 10 evils every investor must defeat to win the game of wealth creation:

1. Impatience – Compounding rewards only those who wait.

   
   

2. Overconfidence – “I know it all” is the quickest way to losses.

   
   

3. Fear – Panic selling destroys long-term wealth.

   
   

4. Greed – Chasing quick gains leads to lasting pain and regret.

   
   

5. Herd Mentality – Following the crowd never builds a fortune.

   
   

6. Lack of Discipline – Without consistency, even the best plan fails.

   
   

7. FOMO (Fear of Missing Out) – Chasing hot trends leaves you burned.

   
   

8. Trading – Investing is owning businesses, not predicting ticks.

   
   

9. Neglecting diversification and Asset Allocation – All eggs in one basket destroys capital.

   
   

10. Overreacting – Reacting to noise erodes wealth.

On this Vijayadashami, let’s pledge to conquer these inner evils with discipline, patience, and wisdom.

Wishing all investors a victorious journey ahead.

-- Pady