Translated into more businesslike terms, I base my business philosophy on three principles, listed here in order of importance: preservation of capital, consistent profitability, and the pursuit of superior returns.
These principals are basic in the sense that they underlie and guide all of my market decisions. Each principle carries a different weight in my speculative strategy, and they evolve from one to the other. That is preservation of capital leads to consistent profits, which makes pursuit of superior returns possible.
Tuesday, October 27, 2009
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