7 Diversify. Invest in bonds, stocks, and other assets so th...

7 Diversify.
Invest in bonds, stocks, and other assets so that your fortunes are not tied to a single bet.

8 Always look for a margin of safety.
Buy at a price where even if your calculations are off by a little, you have room to be wrong and still make money.

9 Understand your style and commit to it.
You can either be a passive investor who minimizes stress and makes good returns, or you can be an active investor who spends all your energy on finding great bargains. There is no middle ground.

10 Your worst enemy as an investor is yourself.
Three months later, you will remember NOTHING about why you started.
Keep yourself accountable to your plan with a friend or family member – and stick to it!