A master investor:
1. Believes diversification is for the birds.
2. Hates to pay taxes, and arranges his affairs to legally minimise his tax bill.
3. Only invests in what he understands.
4. Refuses to make investments that do not meet his criteria, and can effortlessly say 'no'.
5. Has the patience to wait until he finds the right investment.
6. Is aware of his own fallibility. Corrects mistakes the moment they arise.
7. Is emotionally involved with the process of investing; but can walk away from any individual investment.
1. Believes diversification is for the birds.
2. Hates to pay taxes, and arranges his affairs to legally minimise his tax bill.
3. Only invests in what he understands.
4. Refuses to make investments that do not meet his criteria, and can effortlessly say 'no'.
5. Has the patience to wait until he finds the right investment.
6. Is aware of his own fallibility. Corrects mistakes the moment they arise.
7. Is emotionally involved with the process of investing; but can walk away from any individual investment.
Tags: investing strategies, gurus
Was this Tip useful?
This content can be found on the following page:
Get our content on your iGoogle page
RSS