mattdoucet wrote:

Ten principles of investing
1. Never invest more than you can afford to lose.
2. Diversify your investments.
3. Do not invest your whole capital at once; first try to get back what you had invested
before. Avoid investing all of your profit.
4. The higher the profit, the grater the risk.
5. Learn to accept risk. Risk is an indispensable companion of profit and loss.
6. Be guided by mathematics and not by emotions. Emotions are the worst possible
advisor – they always lead you in the opposite direction than cool calculation.
7. Remember about fraudsters and deceptors – be careful when making decisions and
double check your information sources.
8. Never make rapid decisions (see Principle 7) – if you found something that looks like
a great deal now, then you will find another one later, too. First think it over a dozen
times, and then decide.
9. Start with a small capital.
10.Accept defeats – they are necessary in the process of learning. Remember, that it is
impossible to be 100% successful. The important thing is not to be a 100% looser.

Posted: Tue Feb 20, 2007 8:46 pm