Sunday, October 25, 2009

Words of Wisdom

I wish I can have the following attributes when it comes to investing.

  • Exercise independent thought, as you'll shoulder the responsibility of your decisions.

  • Only risk (trade with) what you can afford to lose.

  • Always ask "why" rather than "what?"

  • Running with the herd may prove profitable but it often obscures the edge of the cliff.

  • Size matters in more ways than one; if you're staring at every tick, you're likely out-sized in your positions.

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