on the Alchemy of Money substack provided an excellent restatement of many of the important central tenets of successful investing, and backing them up with quotes from some of the greatest money managers of all time.
The lesson is that great investors not only study and understand markets but love doing it. I witnessed this trend a lot while working in finance where the sheer volume of obsessive behaviour, professional and personal, was too extensive to fully keep track of. It is also important to distinguish the difference between the practice of investing and the business of investing. The first involves buying and selling of assets while the latter is a service that profits from those doing the former. The implication is that investing advice from the finance industry should always be analyzed for bias – they make more money the more trades we do.
The column also includes what makes George Soros arguably the greatest trader of all time, the dangers of being in a hurry as an investor, and the importance of-- Scott Barlow, Globe and Mail market strategist
France Dernières Nouvelles, France Actualités
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