Commandments of Investing Success!
Some of the key principles of investing that have helped me in my journey.
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Commandment 1
Investing is a game of probabilities and not a game of possibilities. First thing that is the most important is to adapt your investing philosophy to your own circumstances. Eg:- if you are able to give less time to research then it is foolish to buy
concentrated positions or companies that are just emerging with a higher allocation.
Commandment 2
This is the one where I have been burnt in the past. Hopefully I have learnt my lesson, always pencil in conservative growth estimates. Let the business beat your low
expectations and then take a victory lap. At the end you are here to compound your capital and not look like a hero.
Commandment 3
Have both concentration and diversification work for you. Make a portfolio of 12-20 stocks. Look for different themes. Concentrate in your top
Positions (10-11 stocks) and the other stocks should be like football players who are warming the bench and willing to play as soon as they get on to the pitch to replace any stock (one) who is injured or cannot continue to play.