1. Buy lowish;
sell highish.
2. Do not try to repeat past
performance.
3. Keep your winning assets; sell
your losing ones.
4. Cut your
losses. Quickly, if not immediately.
5. Never get attached to an
investment, property, share, or
fund.
6. If you do not understand it, do
not invest in it.
7. If you see a bubble forming in a
market, buy into it.
8. Always operate the power of
compounding in your favour, not the
bank’s.
9. Exiting an investment is as
important as entering it. If you do
not know how to get out, do not go
in.
10. Before you invest calculate
exactly how much you could lose. If
you cannot calculate your potential losses, do
not invest.
11. Make sensible use of the tax
laws.
12. Do not be afraid to go against
the crowd. Most people do not know
what they are doing. Some of the
most successful investors have been
contrarian investors.
13.
Ignore all tips; only accept genuine
insider information (assuming it is
legal, of course.)
14. There is no right or wrong
investment; only good or bad ones.
15. Get
in. Get it. Get out.
16. Do not lose money.
17. The bull comes up the stairs;
while a bull jumps out the window.
18. When it comes to investing, time
can be your friend or your enemy.
19. Buy, sell, regret. Buy, sell,
regret.
20. Do not borrow money unless you
have enough to pay it back.
Projected future cash flow is an
opinion; debt is a fact.
