3 ms·
My first two rules of investing are: #1 Don't bet more than you're willing to lose. #2 The market can stay irrational longer than you can stay solvent. These
by HideousKojima 3y ago
My first two rules of investing are:
#1 Don't bet more than you're willing to lose.
#2 The market can stay irrational longer than you can stay solvent.
These are widely known and I make no claims of originality. However, your story about gold market manipulation brings up a corollary to my #2 rule that I do take credit for: Never underestimate the extent to which governments and other vested interests will go to in order to keep markets irrational for as long as possible.