mavaron's craps on investment - IV

(1) "Stock market is a postmodern creation to avoid communism and pursue full employment."

(2) "Breaking a rule is more important for a rule than simply obeying it."

Comment: What you don't believe weighs more than what you believe.

(3) "What matters is how you define risk, but not how you hedge it."

(4) "Theorists try to capture volatility while practitioners create it."

Comment: In modern world, innovative investment strategies are important.

(5) "The only shortcut to save a huge loss is to create another huger loss to save."

Comment: No matter what situation you are in, stay calm and cool.