By John Sage Melbourne

Ignore the majority viewpoint. It is probably incorrect.

To earn money as a speculator,study the thinking about Rene Descartes. Do not accept the reality of anything that you do not understand from your own study to be real. Ignore what anyone else informs you until you have actually thought it through on your own. “Rarely anything that has actually been pronounced by one found out individual,the contrary has actually been asserted by another … And it would get absolutely nothing to count votes … for in the matter of a tough concern,it is more likely that the reality should have been found by couple of than by many.”

We far too readily accept the majority position. This over acceptance of the majority viewpoint also spills into the world of finance. The majority may be right,however the odds are they are not.The axioms disagree with a fantastic offer of popular knowledge: a bird in the hand deserves 2 in the bush,build a varied portfolio,only wager what you can pay for to lose and so on.The majority of individuals believe the ancient clichés to be unarguable reality. You may also observe that the majority are not rich.

Minor Axiom XIV: Never ever follow speculative trends

Typically the very best time to purchase something is when nobody else desires it.{ When is the very best time to purchase? When the cost is low of course. And when is the very best time to sell? When it is high of course. Obvious,this method is extremely tough to bring out for the majority,because get caught in what the majority are doing.