Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
May 20, 2010
This week we offer up another edition of Frank Thoughts. In this edition, Frank reflects back to a round a golf he played back in 1966 and the lesson he learned that day: the importace of luck in business.
THE RICHEST MAN IN THE CLUB
The put put put sound of a gas powered golf cart was...
May 14, 2010
Two weeks ago I made a reference to Contravisory founder Ed Noonan's 10 rules for investing, sharing rule #5 about the dangers of a unanimity of opinion. Since that posting, several people have asked me to share the rest of his rules for investing. Before listing the rules, a quick word on Ed. Ed got his start in the...