1. 10

    It only takes a handful of big winners to make a lifetime of investing worthwhile.

  2. 9

    Know what you own, and know why you own it.

  3. 8

    Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

  4. 7

    The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

  5. 6

    You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.

  6. 5

    Everyone has the brain power to make money in stocks. Not everyone has the stomach.

  7. 4

    When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

  8. 3

    Never invest in any idea you can't illustrate with a crayon

  9. 2

    Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

  10. 1

    Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

  11. Last Update: 1 October 2022

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