All capital investments inherently suffer the risk of permanent capital loss. As an investor, it is your job to differentiate between market volatility and a permanentcapital loss. You can only achieve this when you fundamentally understand why you bought the asset in the first place.

The number one reason people lose money in investing is because they buy assets without giving any thought whatsoever to the fair value.

Investing is not about a once-in-a-lifetime opportunity. It is a life-long journey of prudent investments that grow with time. You need to start small and let the magic of compounding do its trick.

You must know as a rule that no investment is a once-in-a lifetime opportunity.

If the prices were the motivation for buying, all future behavior and decisions would be based on price action.

Prudent investing is all about buying the right assets at the right price.

Most of the assets can be a good investment if you buy at the right price.

If investors do not know or never attempt to know the fair value, they can pay any price. More often, the price they pay is far greater than the actual value.

An ounce of gold will always be an ounce of gold regardless of the length of possession. The short-term value will go up or down, but gold prices will follow the general inflation rate in the long run.