Investment Principles

IX
VIII

Investors are more cautious in the beginning of a market cycle but start to chase undelivered promises once they become euphoric.

Fundamentals drive recovery from the previous crash, while speculation leads the market to the next crash.
VII

Have a “panic button” contingency plan.

Avoid rash decisions under stress
VI

The market won’t crash when everyone is screaming “crash”.

If you refuse to ride the tide because the market is stupid, you're more stupid than the market.
IV

If you miss the top, get out at the first rebound.

As more people give up, trend reversal becomes a self-fulfilling prophecy.
III

Listen to people’s reasoning, not their conclusions.

Make your own decision and hold yourself accountable.
II

Set strict rules to cut losses.

Don't think your analysis is "more right" than the irrational market.

Popular Galleries