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The biggest advantage IMO is we don't have to be invested 100% of the time, they do & thats what screws them up.

Don't diversify - focus instead.
Don't emulate an index - how can you outperform if you are emulating an index

Yep, 2 very true points.

Rule 1 - Don't lose money
No doubt about it Buffett is a mastermind.LOL

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