Ray Dalio's 12 investment lessons

1: Make decisions based on reason, not emotions
2: Diversify because you never know what will happen
3: Be patient and wait for the right timing
4: No one can predict the future with certainty
5: Don't mistake yourself for a genius in a bullish market
6: It is important to stick to a strategy, but it is equally important to adjust the strategy according to the situation
7: The biggest mistake investors make is believing that recent events will continue in the future
8: Do not focus solely on making money.
9: Without failure, limits cannot be pushed. If you are not pushing your limits, you cannot maximize your potential.
10: A buoyant market is not an attractive market. It is an overpriced market.
11: You do not need a high IQ for investing. You need the temperament to control impulses.
12: Cash is gold