But being broke can make you brave.
lk 25
But being broke can make you brave.
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… the Emotional Rule of Investing: as soon as you buy a stock expecting it to go up, it will go down—because you bought the stock.
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The only way to simply maintain today’s buying power of the money you have is by making more money on your money.
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In other words, real investing is about having a high degree of certainty that you’re going to make money because of the difference between what you paid and the the cash flow value you bought; everything else is speculating.
lk XI
Buying stocks and bonds that you don’t understand isn’t investing.
lk XI