May I add , “never try to catch a falling knife,” just to complete the summary of my sum total of investing?
Four more "rules:"
1. "This time is different!" is always wrong.
2. When your taxi-driver or cleaning lady start giving you stock market tips - liquidate your holdings!
3. "In the long run, we are all dead." - attributed to John Maynard Keynes.
4. "Don't invest in airlines or financial institutions." - attributed to Alexander Busek.
Regards,