1. Nothing new ever occurs in the business of speculating or investing in securities and commodities.
(Profit is the ultimate objective irrespective what you call it)
2. Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion.
(Market is the judge and jury)
3. Markets are never wrong – opinions often are.
(Market is independent of Our Opinions)
4. One should never permit speculative ventures to run into investments.
(Listen to market if our decisions wrong)
5. The human side of every person is the greatest enemy of the average investor or speculator.
(Our stubborness kill us)
6. Wishful thinking must be banished.
(Hope is another enemy)
7. It is not good to be too curious about all the reasons behind price movements.
(Past reasoning is just another academic exercise)
8. It is much easier to watch a few than many.
(Our brains are not super computers)
9. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
(Initiative to make money is yours)
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