1. No group or sector in the investment world enjoys as its birthright the promise of consistent high returns.
2. What matters most is not what you invest in, but when and at what price.
3. The discipline which is most important in investing is not accounting or economics, but psychology.
4. The bottom line is that it is best to act as a contrarian.
5. Book the bet that no one else will.
6. As Warren Buffet said, “the less care with which others conduct their affairs, the more care with which you should conduct yours.” When others are afraid, you needn’t be; when others are unafraid, you’d better be.
7. Gresham’s Law says “bad money drives out good.” When paper money appeared, gold disappeared. It works in investing too: bad investors drive out good.
No comments:
Post a Comment