Investment philosophy in 10 words
Jason Zweig from the WSJ published a great article here, where he asked Investment “gurus” to sum up theri invesment philosophy in 10 words.
Some of the better ones are in my opinion:
If everybody wants it, I don’t. Avoid crowds.
—Gus Sauter, chief investment officer, the Vanguard Group
Invest for the long term and ignore interim aggravation.
– Charles D. Ellis, director, Greenwich Associates, and author, “Winning the Loser’s Game”
I think this is quite a useful exercise not only for Gurus but also for normal “private” investors. Trying to come up with a 10 word investment philosophy is not easy.
For myself, the best I came up with is the following:
“Try to have fun with investing, then profits will follow”
It would be great to hear if any of the blog readers and fellow bloggers has a 10 (+ or -) word investment philosophy…