Seven Immutable Laws of Investing
James Montier's 7 Immutable Laws of Investing from GMO (free registration on GMO's website in order to view the full posting):
1. Always insist on a margin of safety
2. This time is never different
3. Be patient and wait for the fat pitch
4. Be contrarian
5. Risk is the permanent loss of capital, never a number
6. Be leery of leverage
7. Never invest in something you don’t understand
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