Author Topic: The golden rules of investing  (Read 11829 times)

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The Prophet

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The golden rules of investing
« on: April 12, 2014, 11:38:34 am »
1)  Work a lot, spend a little invest the difference
2)  Pound-cost averaging always beats anyone who doesn't.
3)  You are only diversified when some of your investments do worse than others.
4)  Your circle of competence is smaller than you think it is
5)  Every five to seven years, people forget that recessions occur every five to seven years
6)  Read more books and fewer articles
7)  Read more history and fewer forecasts
8)  You are twice as biased as you think you are  - (four times if you disagree with this!)
9)  Only invest in things you can explain to a six-year-old
10) Is it strange you go to the doctor once a year but check your investments once a day!
11) When you read how stupid investors are you could be reading about yourself.