Wednesday, October 17, 2012

Investing Rules

Pragmatic capitalism has a nice set of investing rules in their blog post, here

The rules are attributed to Barry Ritholtz. Read their post for detailed insighst. The rules are:

1. Cut your losers short, and let your winners run.
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2. Avoid predictions and forecasts
3. Understand crowd behavior.
4. Think like a contrarian.
5. Asset allocation is crucial.
6. Decide if you are an active or passive investor.
7. Understand your own psychological make up.
8. Admit when you are wrong.
9. Understand the cycles of the financial world.
10. Be intellectually curious.
11. Reduce investing friction.
12. There is no free lunch.

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