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His skill is investing, but his secret is time.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Jason Zweig (WSJ) on how beginner’s luck can lead you down a catastrophic path and why failing fast & early can have its advantages:
“Being right is the enemy of staying right because it leads you to forget the way the world works.”
away from ventures in which you have little to gain and much to lose.”
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
spent half his interest
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
The Zurich Axioms: The rules of risk and reward used by generations of Swiss bankers
amazon.com

To enjoy a reasonable chance for