Two Seven

The 2 Investing Rules of Warren Buffett:

Rule #1: Never lose money
Rule #2: Never forget Rule #1

The seven deadly sins of investing:

1. Believing that you have to predict the market's next move to make big returns
2. The "Guru" belief: if I can't predict the market, there's someone somewhere who can - and all I need to do is find him
3. Believing that "Inside Information" is the way to make really big money
4. Diversifying
5. Believing that you have to take big risks to make big profits
6. The "System" belief: sombody, somewhere has developed a system - some arcane refinement of technical analysis, fundamental analysis, computerized trading, Gann triangles, or even astrology - that will guarantee investment profits
7. Believing that you know what the future will bring - and being certain that the market must "inevitably" prove you right

These are from this book:

The Winning Investment Habits of Warren Buffett & George Soros
Mark Tier
Inverse Books, a division of Praxis Ltd, Hong Kong
2004