To invest well, you need to adopt habits that both maximise your returns while minimising your risks.
When I first began investing, I sought help from investment books to inculcate good habits and practices.
One of these books was called “The Winning Investment Habits of Warren Buffett and George Soros” by Mark Tier.
The book distilled many principles of good investment habits to its readers.
Buffett and Soros couldn’t be more different.
However, you will be surprised to learn that there were similarities between these two investors.
Here are four habits that investors can adopt to improve their investment acumen.
1. Preservation of Capital
All great investors focus on preserving their capital.
And this means minimizing the risk of losses.
As an investor, we should not blindly chase profits without properly understanding the risks.
This reckless behaviour can result in heavy losses if we are not careful..
It is therefore of paramount importance for an investor to focus on preserving...