16 Rules for Investors to Live By - Part 2 (...so 8)
[caption id="attachment_1417" align="alignleft" width="300"] MORGAN HOUSEL[/caption]
See Part 1. The following is the last 8 of a list that appeared in the Wall Street Journal entitled, "16 Rules for Investors to Live By," by Morgan Housel.
8 Rules for Investors to Live By
- A couple of times per decade, investors forget that recessions happen a couple of times per decade.
- Don’t check your brokerage account once a day and your blood pressure only once a year.
- You should pay the most attention to the investor who talks about his or her mistakes.
- Change your mind when the facts change.
- Read past stock-market predictions, and you will take current predictions less seriously.
- There is no such thing as a normal economy, or a normal stock market.
- It can be difficult to tell the difference between luck and skill in investing.
- You are only diversified if some of your investments are performing worse than others.
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Posted on Mon, December 22, 2014
by John Finley