Five Lies That Can Ruin Your Life
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Five Lies That Can Ruin Your Life
Successful investing is built on five core principles: 1. Doing your homework 2. Finding companies with strong competitive advantages (or economic moats) 3. Having a margin of safety 4. Holding for the long term 5. Knowing when to sell
Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
A WEALTHY WORLD -- What is wealth? What creates value? What is priceless? Are we living in a time of scarcity or abundance? Are we building careers, lives, legacies that generate wealth for ourselves and others?In the capitalistic system we all occupy and navigate on-the-daily we are presented with a pretty narrow definition of 'wealth'. This defin... See more
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- Never borrow to invest in the market. 2. Never trade individual stocks without a stop-loss order. 3. Never take advice from a broker. 4. Never dollar cost average down. 5. Never take a tip from a friend. 6. Never let a winning trade go to a loss. 7. Never try to pick bottoms — or tops. 8. Never buy a stock or fund that is in a downtrend. 9. Never t