Posts tagged greed
12 rules that can save you further losses
May 27th
Photo by tarotastic
On Risk
Worry is not a sickness but a sign of health if you are not worried, you are not risking enough.
Always play for meaningful stakes if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either.
Resist the allure of diversification.
On Greed
Always take your profit too soon.
Decide in advance what gain you want from a venture, and when you get it, get out.
On Hope
When the ship starts sinking, don’t pray. Jump.
Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain. Continue reading “12 rules that can save you further losses” »
