Thursday, July 28, 2016

Disciplined Strategy

                  
Repeat: I have fully investigated the discipline of strategy use. Discipline is much more essential than strategy usage; it helps performance far better than the foolish market timing plans of the overwhelming majority of investors, professionals as well as amateurs.
                       
Iron-clad discipline must be part of each strategy. Important: The reason to buy a security has to be an integral part of the eventual reason to sell. That’s discipline. But it isn’t easy to maintain when you’re an investor having to contend with media noise. That consists of the usual panoply of opinions, most of which are broker, “adviser,” or salesmen-oriented. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
                   
               

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