Don’t-walk-run to read GMO’s James Montier Seven Immutable Laws of Investing:
1. Always insist on a margin of safety
2. This time is never different
3. Be patient and wait for the fat pitch
4. Be contrarian
5. Risk is the permanent loss of capital, never a number
6. Be leery of leverage
7. Never invest in something you don’t understand
The full post is found at GMO’s site.
>
Previously:
A Better Sentiment Measure: DrKW’s Fear & Greed Index (February 2006)
James Montier Resource Page (July 2010)
What's been said:
Discussions found on the web: