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re: 50 Unfortunate truths about investing
Posted on 3/11/13 at 9:49 pm to Vols&Shaft83
Posted on 3/11/13 at 9:49 pm to Vols&Shaft83
quote:This is ridiculous. I would have missed out on way more winners than losers with this approach.
Rule #1: Never lose Money
Rule #2: When in doubt, refer to Rule #1
What is the logic here - invest in CD's, put your money in a mattress, or just hedge everything to the nth degree (a cost in itself, especially if used on everything)?
1
Posted on 3/11/13 at 9:59 pm to Bayou Tiger
quote:
This is ridiculous. I would have missed out on way more winners than losers with this approach.
What is the logic here - invest in CD's, put your money in a mattress, or just hedge everything to the nth degree (a cost in itself, especially if used on everything)?
Since Peter Lynch, Sir John Templeton, John Bogle, Warren Buffet, Charlie Munger, and Benjamin Graham pretty much all agree with those 2 rules, I'll go ahead and agree with them too.
The quote is meant differently than you're interpreting it.
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