Welcome back to our next set of winning investment habits that investors should adopt.
These traits are taken from the best-selling book “The Winning Investment Habits of Warren Buffett and George Soros” by Mark Tier.
You can refer to the previous articles in this series here (Part 1), here (Part 2) and here (Part 3).
13. Follow your system religiously
To become a savvy investor, you need to find an investment style or system that works for you.
When you have a system that has proven results, then you want to stick to your criteria religiously.
Investors who stray from their system display a lack of discipline and patience as they tend to just fire at any target, rather than wait for a very good opportunity to present itself.
Remember also to stay within your circle of competence (i.e. stick to what you understand best) to make optimal investment decisions....