Biography: Michael Kudrna is a self-taught individual investor, avid technology scholar, successful businessman, salesman, and seeker of knowledge, among others, who has taken years to learn and mold his successful and logical approach to the market. Michael’s foundational belief system is built upon being skilled at as many different aspects in life as possible versus being an expert in a few areas while below average in everything else. He passionately believes if you are an expert at only a few areas in life, your poor skills may end up negating any success you’ve achieved or worse yet, prohibit you from ever tasting success. Michael lives his life with the belief that the mind is more powerful than most realize and success is a result of a positive, confident, prepared, self-aware, and very determined mindset.
Michael realizes the various skills necessary to make profits year over year in the market. He believes in continually analyzing mistakes to improve himself daily whether in the market or everyday life. To truly improve, Michael feels you must be self-aware to identify all the mistakes made as many can and will be overlooked. When you think you know everything, you lost your expert status according to Michael. He often states when you know you need to learn more and actively seek to remedy that, you put yourself in a position of expertise. What you did correct yesterday does not ensure you will do again tomorrow and sometimes luck just doesn’t want to be your friend. Michael feels that increases the importance of a strong mind to ensure success over a long period of time rather than relying on what you did right a few times in the past with nothing to show for it in the future.
As Michael states often, the market is an irrational beast that will have mood swings which won’t always make logical sense. Are you prepared to blindly put your money to work? Either way, good luck out there.
DISCLAIMER:
Mike Kudrna and the information on his blog are for educational purposes only. You should speak to your own financial advisor before making any decisions based on Mr. Kudrna’s opinions. Mr. Kudrna is not responsible for any actions you take upon reading his perspective and opinion. Keep in mind that positions that Mr. Kudrna has can change at any time without written notice.