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New Column up at Real Money (01/11/05)
Posted By Barry Ritholtz On January 11, 2005 @ 2:21 pm In Media | Comments Disabled
Here’s an excerpt:
‘One of the keys to successful investing is maintaining a high degree of intellectual flexibility. Good traders can turn on a dime, because they never "marry" any single position. The surest way to lose money is to get overly enamored of any one idea or philosophy.
As a person who studies markets, it’s my goal to remain ideologically agnostic. That doesn’t mean I’m neutral or lacking in viewpoints (longtime readers know that I can be all too opinionated). Rather, it’s a recognition that if and when the evidence warrants doing so, I am prepared to toss aside any of my beliefs at a moment’s notice . . ."
UPDATE: January 13, 2005 3:05pm
The article was released in full on MSN Money  –no sub required
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/01/new-column-up-at-real-money-011105/
URLs in this post:
 The Importance of Flexible Convictions": http://www.thestreet.com/p/rmoney/barryritholtz/10202814.html
 Prove Me Wrong: http://bigpicture.typepad.com/comments/2005/01/prove_me_wrong_1.html
 in full on MSN Money: http://moneycentral.msn.com/content/P104981.asp
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