Wednesday, April 17, 2013

The surest path to long-term success...!

"Quality investment philosophies tend to have a number of common themes. First, in any probabilistic field—investing, handicapping, or gambling—you’re better off focusing on the decision-making process than on the short-term outcome . This emphasis is much easier announced than achieved because outcomes are objective while processes are more subjective. But a quality process, which often includes a large dose of theory, is the surest path to long-term success. "
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