There is a book The Zurich Axioms, The rules of risk and reward used by generations of Swiss bankers by Max Gunther, providing a practical philosophy for the realistic management of risk, which can be followed successfully by anyone, not merely the 'experts'. Of course. it's not a kind of recipe for success, but you can enjoy reading, too. Some sayings are not necessarily bound to investing world, but sound practical. Strategy Lab Open competition seems like golf tournament, not all of us will become next Tiger Woods who is a great golfer, but, strangely, he usually hits lousy bunker shots. How has he dealt with the problem?Living in a bunker!No! By perfecting and refining his main strength, the swing. If it works like a clock, he never has to pay the bunkers a visit.
I suggest this Latin proverb:
"Quidquid agis, prudenter agas et respice finem!"
translation:
Whatever you do, do cautiously, and look to the end.
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