Here is the link.
Principle 1:
Focus on the future productivity of the asset
Principle 2:
Profits: 25% - 100%
(after tax)
Others: 12% - 20%
Never gamble with your money
Principle 3:
Talented
Competency
Principle 4:
When investing, if you focus on the prospective price change of a contemplated purchase, you are speculating.
Principle 5:
Don't keep watching of your stocks daily.
Principle 6:
Emotions aside
Irrational decision.
Principle 7:
Principle 8:
A "Flash crash"
Principle 9:
In five years, it will be worth double its current price.
4:06/ 8:59
With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices. Give it a try on weekdays.
4:20
Emotion aside
6:02
A "Flash crash"
A climate of fear is your friend when investing, a euphoric world is your enemy.
7:11/ 8:59
I have good news for these non-professionals. The typical investor doesn't need this skill. In aggregate, American businesses have done wonderfully over time and will continue to do so. Though most assuredly in unpredictable fits and starts.
7:43/ 8:59
The goal of the non-professional should not be to pick winners, neither he nor his "helpers" can do that. Rather, it should be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P index fund will achieve this goal.
No comments:
Post a Comment