Realism and pragmatism at root of good investment advice

There is no magic formula to making good investments. The majority of successful investors find a piece of good advice has been a useful compass in charting their way through the maze.

Investment advice usually comes in simple packages and from sage mentors or close friends – and usually when least expected. The difficulty appears to be in following that advice.

Most is simple and can be encapsulated in a pithy sentence. Applying that advice, however, can be difficult. Human nature is constantly at odds with practical action. Hearts rule heads. In investment the head needs to be steady and clear, focused on the end objective, leaving the raw emotion aside.

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