- Don’t follow the market… Dollar cost averaging is the way to go
- Adoption of a product does not mean long-term profit or success
- Air travel took off but experienced such problems that it had very poor returns
- Stocks are riskier the higher they go
- Only buy stocks that you would be comfortable holding even if you can’t see the share prices on a daily basis
- Specific patterns in the past do not hold up in the future
- (Markets are inherently resistant to “hacking”)
- There is a world of difference between “hindsight earnings” and real world earnings
- Concentration makes the ultra-wealthy but not the regular-wealthy
- Don’t keep all your funds at home
- “All things excellent are as difficult as they are rare.” Spinoza
- Never buy or sell immediately after a large movement
- Strong performing mutual funds don’t last
- Diversify!
- Covering your downside is never worth giving up most of your upside
- Fixed exchange rates are tempting but are very difficult to maintain
- If Crypto currency succeeds, it will be co-opted by governments
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