Fourteen Rules of Buffett's Mentor

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Benjamin Graham

1. Be an investor, not a speculator (i am a specultor, could in and out within one day or could wait months to go in)

2. Understand the difference between price and value ( TA shows you 90% of the picture, news only explain the TA)

3. Rake the market for bargains (could have new lower low)

4. Buy the Graham formula

5. Regard corporate figures with suspicion (SEC investigation, lawsuit and stock halt)

6. Dont's expect every decision to be perfect (you should have back up plan and exit plan)

7.Smart investting does not require higher math

8. Rule1: diversify with stocks and bonds ( i prefer good money management to the diversification)

9. Rule2: Diversify with a wide variety of stocks (i completely disagree, or just buy SPY or DIA)

10. When in doubt stick to quality

11. Dividens provide a clue

12. Defend your shareholder rights

13. Be patient (time to cut, no doubt)

14. Think for yourself

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