11/7/2023 0 Comments Save cash now stock marekt![]() ![]() (2) Those who chase investment fads with no coherent plan beyond the short-run. (1) Those who have no strategy at all and eventually give up or lose most of their money. The way I see it there are 4 kinds of investors: Without an overarching philosophy to bring it all together, you’ll just be chasing one investment fad to the next. The idea behind defining your investment philosophy is that you can make a handful of the big decisions upfront to save yourself some emotional bandwidth along the way so you don’t have a micro-manage your portfolio on a regular basis. There’s this old saying that you shouldn’t make one hundred decisions when one will do. Your philosophy is a simple set of principles that will guide your actions when making investment decisions.
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