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Created on 01.21
Five Principles of Investment
Five Principles of Investment
- Do the right thing — Direction is crucial. If you head in the wrong direction, you will only move further away from your goal.
- Cut losses promptly when a mistake is recognized — Correct errors decisively and without hesitation.
- Always take a long-term view — This helps you avoid being troubled by short-term fluctuations.
- Never venture into what you don’t understand — If you don’t understand something, don’t act recklessly, or you will end up paying the price.
- Stay true to your principles and maintain composure — Remain disciplined and steadfast.
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