When investing in the real world, textbooks and theory aren’t much help. So says Michael Comeau, in Four Real-World Investing Rules That Should Be Taught in Schools.
His short list of rules are:
1. What You Know, Everyone Else Probably Knows, Too.
2. Timing Is Everything.
3. You May Be Suffering From Confirmation Bias.
4. In Isolation, Valuation Ratios Are Useless.
You should read the entire piece is smart and insightful. He places the these rules into some context, and procides some real world examples.
Four Real-World Investing Rules That Should Be Taught in Schools
Minyanville, JUN 20, 2012
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