Here are John Templeton’s 16 Rules for Investment Success:
12. Begin with a prayer
1. Invest for maximum total real (after-inflation) return 2. Invest – don’t trade or speculate 3. Remain flexible and open-minded about types of investments 4. Buy low 5. When buying stocks, search for bargains among quality stocks 6. Buy value, not market trends or the economic outlook 7. Diversify. In stocks and bonds, as in much else, there is safety in numbers 8. Do your homework or hire wise experts to help you 9. Aggressively monitor your investments 10. Don’t panic 11. Learn from your mistakes .. 13. Outperforming the market is a difficult task 14. An investor who has all the answers doesn’t even understand all the questions 15. There’s no free lunch 16. Do not be too fearful or negative too often
Interesting that Walter Schloss also had 16 rules. Why 16?
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