Well, of course he isn't. That isn't really investing.
1. Invest in companies that are profitable for the long-term.
2. Invest for the long-haul, not for the quarter or year.
3. Understand what you are investing in.
4. Never get into bidding wars.
5. Buy a company when it is undervalued, not after it becomes successful.
6. Expect a reasonable rate of return, over time.
7. Don't panic when you lose money - you should expect this on occasion.
8. Looking at dividends, as well as stock price.
1. The Casino Mentality of striking it rich.
2. Focus solely on share price, and not profits or dividends.
3. Investing for short-term gains - days, months, weeks, quarters.
4. Buying trendy or hyped stocks or investments.
5. Buying based on share price alone, while ignoring P/E ratio and earnings.
6. Buying a company after it becomes successful.
7. Selling when a company starts to go down in value.
8. Not understanding the nature of the company or its fundamentals.