No. of Recommendations: 12
from Morningstar....

It's a reprint from almost a year ago, but just as important in a bull market as in a bear market..

Some of my favorites:

4. For each 1% rise in the stock market, an investor's estimate of his own IQ goes up 1 point. For each 1% decline in the market, an investor's estimate of his fund manager's IQ goes down 1 point.


19. Always hold some cash for a rainy day. The ability to move quickly is valuable; holding cash is akin to holding an option to buy.


28. In every bear market, the pundits loudly proclaim, "Buy and hold is dead." It never has been, and it isn't now.

29. Overpay and hold is dead.

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