The market is never wrong. Opinions often are. Dont argue with the tape.
In uncertain times, use options or other instruments to protect against tail risks.
Rebalance your portfolio annually based on the formula rankings. Dont trade too frequently.
Emerging markets often offer better value than developed markets. Dont ignore them.
Do your homework on fundamentals. Understand the business before you invest.
Identify businesses with sustainable competitive advantages. The moat protects your investment.
When everyone agrees, something else is going to happen. The crowd is usually wrong at extremes.
Currency markets often lead other markets. Watch FX for early signals of macro shifts.
Sometimes the best way to learn about an investment is to have a stake in it. A small initial position sharpens your foc...
Speed and reliability of execution are crucial. Invest heavily in technology infrastructure, data feeds, and execution s...
The best investment opportunities often arise when others are fearful. Be willing to commit capital when others are flee...
Never use leverage in investing. Leverage can turn temporary setbacks into permanent capital loss. The tortoise beats th...
Create master charts for each market showing all major highs and lows across decades. These charts reveal the true struc...
Look for opportunities globally, not just in your home market. The best investments may be in emerging markets or overlo...
A board seat gives you real influence over company strategy. Fight for board representation.
The trend is your friend until the end. Dont fight major trends; ride them. Counter-trend trading is for experts only.
Stocks move along the line of least resistance. Find it and trade in that direction.
Communicate openly with investors about your thesis, positions, and mistakes. Trust is built through transparency.
The magic formula doesnt work every year. You need a 3-5 year horizon for it to work.
Resource constraints are real and will impact markets. Think about long-term sustainability.
Value investing requires patience. The market may take years to recognize value.
Invest with honest, capable management. Character matters as much as competence.
Wait for the right moment. Being early is the same as being wrong in investing.
Central bank policy is a powerful force. Position your portfolio to align with monetary policy direction.
Markets follow a boom-bust sequence: a trend emerges, gains momentum as it reinforces itself, becomes unsustainable, and...
Every strategy has a capacity limit. Too much capital chasing the same edge destroys it. Keep your fund size manageable ...
Invest with managers whose interests are aligned with yours. Look for significant personal investment by managers, reaso...
Don't follow stock prices daily. Don't read too much news. Most market information is noise, not signal. Focus on what m...
Wait for the right setup. Most traders lose because they trade too often. Discipline means following your rules even whe...
Focus on risk-adjusted returns, not absolute returns. Taking excessive risk for marginally higher returns is not good in...
Explore core insights from different masters across investment topics