William O'Neil, Chairman of Investor's Business Daily throws some useful tips on Investment:
Tips on Investment:
“Consider selling stocks that have not risen 20 per cent or more after 13 weeks. And consider holding those that have risen 20 per cent in 4-5 weeks. These may go on to be the biggest winners of all.”
“Diversification is a hedge for ignorance. I think you are much better off owning a few stocks and knowing a great deal about them.”
“The whole secret to winning and losing in the stock market is to lose the least amount possible when you’re not right.”
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”
“Even the most successful investors make mistakes. Poor decisions lead to losses, some of which can become quite awful if you are not disciplined and careful.
You must positively accept that rule number one for the highly successful individual investor is always cut short and limit every loss.”
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