These from Warren Buffet (credit to this blog):
1. Be grateful
2. Be ethical and fair
3. Be trustworthy
4. Invest in your circle of competence
5. Do what you love
I can vouch for (4). :> When I was invested in the stock market (not now, post startup) I only invested in those firms of which I had personal knowledge or knew the space very, very well. And I made a killing.. I know countless others who bought into biotech, or agribusiness who lost a lot of money 'cause they didn't know the space.
But it's an interesting set of rules to live by. Sort of narrows down one's perceptions.
Posted by artandscience at February 17, 2005 06:44 AM