A Sydney dentist reveals what he’s learnt about investing
Post by Dr Jeff Brown
Investing in your own oral health is similar to financial investments. Basically, the truth is that if you know yourself, and have a lot of self-discipline, it will lead to rewards. It was something I had in mind when I started Greenwood Dental in North Sydney back in 1993. I had spent three years practising in a dental surgery in the city, and took the leap to starting my own practice on the other side of the bridge. And I was recently reminded of it when I’ve recently given a lecture on the stock market and investing to fellow dentists.
When you start preparing a lecture, you realise very quickly you either know nothing or you know a lot. People had been asking me for advice on investing, and I also wanted to educate my son and it was something I thought to do formerly—so that’s why I did it. And I was surprised by how much I knew.
Over the years I’ve developed a low-risk, reliable share investment strategy that has produced consistent above average returns. But it’s interesting—before I committed to giving this lecture, I didn’t realise all that knowledge was there. It was firstly on the fundamentals and technological algorithms of shares, but it grew to be more than that. One whole session was on personal development, goal setting and so on, because you have to be motivated to be a successful investor.
I also talked about health and wellbeing, which is something that’s important to me personally as well. It was something I got a lot of good feedback about. If you’re body’s good, your mind will function better. If you’re screwed up mentally, you’ll be a poor investor. And many people, including Warren Buffett, make the point that before you can manage money you have to be able to manage your emotions.