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Our Investments Page 19 of  33

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  • A novice investor that is attracted to day-trading stocks, or speculating in futures and options, is like a mouse deciding to sleep in the eagleís nest.


  • It is said that practice makes perfect; well perhaps less imperfect is more accurate, but when it comes to making decisions, the millionth decision will probably be unimproved over the first decision unless one has first practiced rationality in between. Decisions, based on impulses alone, probably deteriorate in quality in proportion to their frequency.


  • Those that invest on their hunches and then fail and blame the stock-market are like an overweight person blaming the excessive weight on gravity.


  • Those that have no fear of inflation would probably have no fears of a glacier also just because it moves slowly, but like a glacier, inflation is capable of grinding away at whatever is before it until nearly all gone.


  • The many forms of market-timing methods that are used, fail because of one problem that is unsolvable, that there are a near infinite number of significant variables and their interactions, while market-timing methods are restricted to just a few significant variables and just a few of their interactions.


  • When we fail we call it experience; when we succeed, we call it genius.


  • Our emotions, when used in the stock-market causes us almost always to do the exact opposite of what we should do, in very much the same way as one might run outdoors in a rainstorm because of a leaky roof.


  • Success rarely comes to those that wonít go the extra mile; success often comes to those that go the extra mile; success almost always comes to those that donít stop at mileposts.


  • Those that look to wealth to provide happiness will be disappointed; all wealth can do is provide freedom; all freedom can do is provide either the opportunity to find happiness, or the opportunity to find newer miseries. Most do the latter.


  • The two most important things about investing are: 1) Never let your emotions influence your acts. 2) Never forget rule number one.


  • One might make the point that financial problems are hereditary since we seem to inherit them from our teenagers.


  • In the rule of seventy-two, you divide that number by the percent income you anticipate receiving on an investment; the product is the number of years it will take for your capital to double. Unfortunately with inflation, thereís no way of telling if you will be able to buy as much with the doubled-money as you did with the original investment.


  • It is a blessing to the American economy that the vast majority of Americans believe that money can buy happiness.


  • Those that denigrate money because you canít take it with you should reflect on the fact that you canít take the things that you buy with money either. At least with money, you might be able to grow it and keep it with you until leaving.


  • Those that believe that money is the root of all evil are those that never tried to live long without that evil root.


  • A hundred intuitive hunches can save anyone from having to make one rational decision.


  • Our emotions often cause us to do the exact opposite of what we should do, in very much the same way as one might run outdoors in a rainstorm because of the roofís leaking.


  • WALT HASKINS


Comments - Our Investments
Page 19 of  33

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