To be a successful investor, you don't need to take excessive risks and be involved in all sorts of financial instruments. You need to understand your risk appetite and understand a few asset classes well. Stay within your boundaries, and your wealth will grow at a decent pace.

I know people who repeatedly jump from one guru to the next in search of the Holy Grail of trading. Of course, it doesn’t exist, but you need to know this fact to stop looking for it.

It is challenging for a human brain to distinguish between noises and threats if a considerable value is at stake.

Investment is all about building wealth with a reasonable rate-of-return. Play this game for a long haul.

The last transaction price is the least accurate measure of the fair value.

Prices are dominated by the minority, and values are governed by the majority.

It may take some time, but capital will eventually flow to the most logical place.

Occasionally, the stock market goes down dramatically and creates a short window of opportunity to buy stocks at deep discounts. However, to act upon it, you need to beprepared before it happens.

As a group, traders’ net return will always be lower than investors by the amount of transaction cost, plus research expenses.