50 things.....

[Uccmal]

I especially like #1, #13, #4, and # 25

 

http://www.businessinsider.com/50-unfortunate-truths-about-investing-2013-11

 

 

Hereon referred to as rule 13.

 

13. You don't understand a big bank's balance sheet. The people running the place and their accountants don't, either.

 

Cheers, A.

[hyten1]

#32, #41 are very interesting

 

[dcollon]

Thanks Uccmal. 

[Partner24]

11. Not a single person in the world knows what the market will do in the short run. End of story.

 

12. The analyst who talks about his mistakes is the guy you want to listen to. Avoid the guy who doesn't -- his are much bigger.

 

Ahahaha good ones!  ;)

[racemize]

I liked:

 

32. The best investors in the world have more of an edge in psychology than in finance.

 

[Palantir]

I like this:

 

5. As Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves."

 

Read more: http://www.businessinsider.com/50-unfortunate-truths-about-investing-2013-11#ixzz2miMYNeqD

[Guest hellsten]

9. The more comfortable an investment feels, the more likely you are to be slaughtered.

 

BAC and AIG?

 

5. As Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves."

 

Source?

 

10. Time-saving tip: Instead of trading penny stocks, just light your money on fire. Same for leveraged ETFs.

 

No source needed :)

 

16. Warren Buffett's best returns were achieved when markets were much less competitive. It's doubtful anyone will ever match his 50-year record.

 

Strongly disagree... There is always something to do.

 

18. The more someone is on TV, the less likely his or her predictions are to come true.

 

Roubini...

 

22. Professional investors have better information and faster computers than you do. You will never beat them short-term trading. Don't even try.

 

Yes

 

28. The phrase "double-dip recession" was mentioned 10.8 million times in 2010 and 2011, according to Google. It never came. There were virtually no mentions of "financial collapse" in 2006 and 2007. It did come.

 

Sounds bullish.

 

32. The best investors in the world have more of an edge in psychology than in finance.

 

Agree 80% :)

 

33. What markets do day to day is overwhelmingly driven by random chance. Ascribing explanations to short-term moves is like trying to explain lottery numbers.

 

What about chart and tea leaf reading?

 

41. For many, a house is a large liability masquerading as a safe asset.

 

"What housing bubble?"

 

43. However much money you think you'll need for retirement, double it. Now you're closer to reality.

 

:(

 

47. And what Marty Whitman says about information: "Rarely do more than three or four variables really count. Everything else is noise."

 

More variables = you need more luck

 

50. The most boring companies -- toothpaste, food, bolts -- can make some of the best long-term investments. The most innovative, some of the worst.

 

What about DDD :)

[bookie71]

THANKS !

 

[Guest longinvestor]

Thanks for posting. They are especially hilarious when they exactly describe my own failures.

[ItsAValueTrap]

11. Not a single person in the world knows what the market will do in the short run. End of story.

 

Market makers would beg to differ...

 

http://www.stocktrading.com/wsjknight1.shtml

[siddharth18]

11. Not a single person in the world knows what the market will do in the short run. End of story.

 

Market makers would beg to differ...

 

http://www.stocktrading.com/wsjknight1.shtml

 

Steve Cohen/Raj Rajaratnam would beg to differ too!