The Art of Winning the Investing War
The Art of Winning the Investing War
?1) Focus on what we know—industries, companies and securities
?2) Keep away from what is beyond our control i.e. ?macro world of economies and broad market performance.
?3) In an ever-changing and transforming world where the longevity of businesses is in decline, the role of 'Value Buying' is becoming very significant i.e buying for less when opportunities to do so present themselves.
?4) The probability of outcomes going against our expectations is high. Therefore a Defensive Approach to Investing is a preferable approach
?5)?It’s more important to ensure survival under negative outcomes than it is to get maximum under favorable ones
?6) There's immense power hidden in low drawdown strategies
?7) Going against the herd creates true Investor Alfa and one needs an Advisor to prod the Investor into Taking Action
?8) Given the highly indeterminate nature of outcomes, we must not come to any conclusions unless supported by very large numbers of trial
?9) Two Identical Outcomes can emerge from very different risk strategies
?10) Therefore it is more important to focus on the risk strategy before investing than the outcome after the investment period
?I rest my case