Concentrate, Learn & Delegate

…Continued from yesterday…This is the fourth in a series of articles about the 23 winning investment habits of the world’s wealthiest investors including Warren Buffet, George Soros, and others that began March 12, 2007 with the article entitled “Habits of the World’s Master Investors”.

III. Concentrate, Don’t Dabble
1. Concentrate your money on a few items; do not diversify in terms of different assets (5).
2. Stick to investing in your specialized area of expertise and understanding (7).

IV. Learn to Earn
1. Accept mistakes as learning experiences (15).
2. Use learning experiences to increase returns and to make money more efficiently (16).

V. Delegate
After you have designed your own investment philosophy, criteria and method(s), delegate most or all of your investment responsibilities to other people who will apply your philosophy, criteria and method(s) (18).


continued tomorrow ...

Copyright 2007 Raymond T. Lee. All rights reserved.
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