The Eleventh Major Zurich Axiom: On Stubbornness

By John Sage Melbourne

If it does not pay off the very first time,forget it.

Never ever stick with an investment due to the fact that you believe it owes you money. How can an investment owe you anything? If in the beginning you don’t be successful,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or stay with it longer. You know whatever you require to understand about it now,you can see its performance right in front of you. Don’t get connected to it,remain mobile– you don’t get any extra points for loyalty here!

Minor Axiom XV: Never ever try to save a bad investment by “balancing down”Balancing down means buying into an investment that you are already in and loosing in the hope of balancing your buy in rate at a lower level in order to make up the loss you have actually already incurred.A much better strategy is to take you loss and proceed.

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Speculative strategy

Don’t protect with a stopping working investment. Keep your liberty to act upon new financial investments without the reference to your present investment or attempting to recover a loss position.

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The Zurich Axioms– The Sixth Major Axiom: On Mobility

The Zurich Axioms– The Sixth Major Axiom: On Mobility

By John Sage Melbourne


Everybody fears getting old since of the loss of ability that eventually comes with age. In the words of Shakespeare, eventually we end “sans everything.” Thankfully, I still have my teeth.What does this have to do with investment? According to Guthrum, a lot.You need to be always prepared to make a decision, make a change, or be flexible to make money investing.Gunther’s 6th Axiom on mobility has a lot to state about this.

? Avoid putting down roots. They impede motionDon’t permit yourself to get comfortable. Comfort and familiarity are the opponents of profit in the investing world. You ‘d better be prepared at a minute’s notification to leave your butt and change with the market’s turmoil.

? Don’t end up being trapped in a failing venture since of beliefs of commitment and nostalgiaConstantly be prepared to sell out of a bad scenario. I do not care if you’ve been with a declining business or community for several years or if you have fuzzy feelings about a previous profit it made you. Be prepared to sell out of a failing investment scenario at any time.

? Never be reluctant to sell out of a venture if something more appealing occursDon’t simply remain in a venture since you think it “owes” you something or that you owe it something. No great investor believes like that, particularly is something better occurs.

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Speculative strategy:Constantly maintain your mobility, be prepared to leap if a venture is failing or something better is on deal. Don’t be flighty or jumpy either. Just think through your reactions and their possibilities and remain flexible, so when the next chance comes, you can transfer to reach it.Want to find out more investment tips and tricks from an old-timer in the field?

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