Teachers’ Day: Here are 7 trading and investing lessons from stock market stalwarts
Here's a list of market bulls along and their market mantras:
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-113091030»> Warren Buffett
«When it comes to picking stocks, I believe in focusing on businesses that I can understand and evaluate within my circle of competence. This means identifying companies whose products or services I can comprehend, and whose competitive position and future prospects I can reasonably assess.»
Charlie Munger
«Widespread incentive-caused bias requires that one should often distrust, or take with a grain of salt, the advice of one’s professional advisor, even if he is an engineer. The general antidotes here are: (1) especially fear professional advice when it is especially good for the advisor; (2) learn and use the basic elements of your advisor’s trade as you deal with your advisor; and (3) double-check, disbelieve, or replace much of what you’re told, to the degree that seems appropriate after objective thought.»
Peter Lynch
«Whatever methods you use to pick stocks, your success will depend on your ability to ignore the worries of the world long enough to allow your stocks to succeed. No matter how intelligent you are, it isn’t the head but the stomach that will determine your fate.»
Jesse Livermore
«A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips. If I buy stocks on Smith’s tip I must sell those same stocks on Smith’s tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around. No, sir, nobody can make big
