I've been spending a lot of time going through my old investment journals - in fact, now a couple decades of journals.

I've been finding some gems that I'd like to share and I hope that it will help some of you.

From my journal:

Q: Why are most individuals so bad at investing?

A: It is important to separate investing into two components- Analysis and Execution. Analysis is really just observation. Generally your brain is in a relaxed state. However, execution is a function of action. Action requires one to behave in a certain way. When we are required to behave in a certain way our mind gets messy very quickly. Ones ego (over/under confidence) or internal issues (daddy never thought I was good enough, etc.) lodge a large barrier to our pursuit of personal wealth and freedom.

Analysis alone will not put a dime into your brokerage account. Successful execution is the only way to make money. Successful investing is about successful behavior modification and management! The Greek adage, "know thyself" comes to mind.