Sir John Templeton is considered as one of the greatest investors of all time. He came up with 16 rules for investing success which was published in The Christian Science Monitor all the way back in the year 1933. These rules are very relevant even today.
16 Rules for investment success
- Invest for maximum total real return
- Invest—don’t trade or speculate
- Remain flexible and open-minded about types of investment
- Buy low
- When buying stocks, search for bargains among quality stocks
- Buy value, not market trends or the economic outlook
- In stocks and bonds, as in much else, there is safety in numbers
- Do your homework or hire wise experts to help you
- Aggressively monitor your investments
- Don’t panic
- Learn from your mistakes
- Begin with a prayer
- Outperforming the market is a difficult task
- An investor who has all the answers doesn’t even understand all the questions
- There’s no free lunch
- Do not be fearful or negative too often
Additional reading:
Templeton’s 16 rules (PDF with commentary on every rule)
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