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The biggest enemy of investment is not the market, but oneself.
The crowd is always wrong; this is the first principle of investment philosophy. It is impossible for everyone in the market to make money.
Always act a few months ahead of the news.
The main reason people incur losses is their inability to control psychological entanglements, becoming intoxicated by price fluctuations and engaging in various buying high and selling low.
Even the smartest person can die from leverage.
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