Reported 9 days ago
To become a smarter long-term investor, drawing lessons from historical experiences is essential. Stephen Foerster, author of ‘Trailblazers, Heroes, and Crooks: Stories to Make You a Smarter Investor,' emphasizes the benefits of having a personal investment philosophy, drawing on examples from renowned investors like Warren Buffett. He highlights the importance of principles such as diversification, long-term outlook, and risk awareness, urging both novice and experienced investors to avoid overconfidence and develop their own guiding beliefs.
Source: YAHOO