Risk management is only way to success

Most failed investors fall into this category: Lack of risk management.

Although you could get lucky and ride on some 10 baggers, but all give back in a few bad decisions.

I don't think Buffet did any of these. If you believe a story, sit but don't trade, and never use leverage.

所有跟帖： 

• Very true. One can get lucky only so many times :-) -Conehead- ♂ (0 bytes) () 07/20/2010 postreply 13:31:01

• then why do you borrow loan to do rental or small business -longterminvestor- ♂ (59 bytes) () 07/20/2010 postreply 14:12:18

• Buffett borrowed from his insurance business to expand his -longterminvestor- ♂ (28 bytes) () 07/20/2010 postreply 14:26:36