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MARKS & SPENCER (MKS) Very Top Heavy - Short from £4.01p Oct 2005

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spob - Thu, 15 Dec 05 :

Ten Rules for Losing or shorting

It is instructive to consider the best ways to lose on your investments. It is often
easier to avoid doing the wrong thing than it is to do the right thing. The following
ten rules for losing were described by James Fraser in a little book called Ten
Rules for Investing:

1. It you don’t know – guess
2. Trade with the crowd
3. Trust all ideas from other people – do not think for yourself
4. Have pride in your own opinion – be inflexible and dogmatic
5. Never question popular views
6. Be greedy – never leave anything on the table
7. Be late to pick up the latest investment fad
8. Listen to all advisers – especially those saying what we want to hear
9. Blame “they” for all losses
10. Never look beyond the price (only use technical analysis)


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