In yesterday’s post, a link to an article by Greg Guenthner of Daily Reckoning – that commented on the first 4 of a set of investment rules of Ned Davis - was provided.
These rules have been developed by Davis during 35 years of a successful investment career. Understanding and mastering these rules – which are universal in nature, i.e. not specific to a particular region or market - will help you to become a better investor.
Here are the balance 5 rules:
5. Be disciplined
6. Practice risk management
7. Remain flexible
8. Money management rules
9. Those who do not study history are condemned to repeat its mistakes
Guenthner’s comments of these rules can be found here.
An hour-long interview of Ned Davis is available at this link.