Worry and its worth

1. The 9th axiom warns that optimism can be speculators enemy . it feels good and is dangerous for that very reason . it produces a General clouding of the judgement it can lead you into ventures with no exists.
2. The axiom says you should never make a move if you are merely optimistic be...

The Tenth Axiom teaches that a majority, though not always and automatically wrong, is more likely to be wrong than right. Guard against betting unthinkingly either with the majority or against, but particularly the former. Figure everything out for yourself before putting your money at risk. The...

1. Don't get into trap of averaging a bad venture . Average by buying more at falling price when the ongoing trouble in investment is short lived or over reacted and business is intact.
2. By averaging a sour venture we break axiom of jumping from ship before it sink.
3. We have to fi...

The Twelfth and final Axiom warns about the futility and the dangers of planning for a future one cannot see. Do not get rooted in long-range plans or long-term investments. Instead react to events as they unfold in the present. Putyour money into ventures as they present themselves and withdraw ...

1. Act of self control makes one better speculator than 99% others.
2. By reducing your greed you improve your chances of getting rich.
3. Losing control of own desires is self destruction.
4. " Don't Push Your luck "
5. Don't fear regret if profits go more than your target ...

1. Only bet what you can affordt to lose is a formula that almost assures poor results.
2. Bet heavily if odds in favour and you understand what you are doing.
3.  If amount is so small that losing it won't bring any significant difference then its likely to bring no significant gains...

It is about saving yourself when we go wrong

1. Knowing how to get out from a bad speculation is rarest gift.
2. Getting stuck in a losing venture is worst money pain
3. Don't wait until ship is half submerged , 10-20% must be a high time.
4. Be on ship only if you have tan...

1. Speculation is about chances and so it involves times when chances are continuously in your favour or against. 
2. We we are enjoying a winning streak in any speculation we are actually experiencing a good streak of favourable chances.
3. No one knows when such chances ends. 

1. The minute you think you see an orderly design in affairs of men and women including their financial affairs you are in peril.
2. The truth is world of money is world of patternless disorder.
3. Patterns are not sound base for one's plan They are alluring and always fooling smart p...

1. The fact that diversification reduces risk also reduces by same degree any hope of you getting rich.
2. It is safe from everything including danger of getting wealthy
3. It breaks axiom of meaningful stakes.
4. Gains and losses cancel each other.
5. The more speculation y...

1. We should welcome small losses since they protect us from large losses 
2. If a venture doesn't work walk away don't get trapped
3. Habit of such acceptance makes us tough .
4. Hope and prayers are nice but they are not useful tools of speculation. 

1. Do not become trapped in a souring venture because of sentiments like loyalty and nostalgia.
2. Never hesitate to abandon a venture a venture if something more attractive comes into view
3. Preserve your mobility
4. This doesn't mean you have to bounce from one speculation to ...

1. Hunch is a piece of feeling - stuff ; a mental event that feels something like knowledgeable but doesn't feel perfectly trustworthy.
2. The challenge is to decide which hunches are trustworthy and which are not.
3. Never confuse a hunch with the hope. Be highly sceptical anytime.

1. Long term investors are biggest gamblers so the biggest risk takers.
2. Many people who have approach of invest and forget and to hold for 10-15 or more years are rooting them to that investment and assuming that every change in future will be in similar trend.
3. Better way is to ...

1. People who follow patterns and formulas are of assumption that history will repeat itself.
2. Makings many complex models and charts all backed by assumption is terrible risk.
3. Because if this would happen every one will be rich as every one now knows what will happen next. 

1. Don't trust people and their forecast too much as markets work on human behavior which is unpredictable .
2. The successful speculator bases no moves on what supposedly will happen but reacts instead to what does happen.
3. Design speculative program based on quick reactions to eve...