It’s simply a matter of following a set of fundamental principles that serve as the foundation for all their investment decisions.
These principles have been tested and proven over time, providing a blueprint for financial success.
Risk Management involves identifying and mitigating potential investment risks, helping protect against loss, and maximizing returns. A risk management plan should include strategies for monitoring investments, diversifying portfolios, and limiting exposure to high-risk assets.
Discipline is a crucial principle followed by successful investors. It involves avoiding impulsive decisions and sticking to a well-planned investment strategy, even in the face of market volatility or short-term losses.