Scouring the Internet nets you plenty of investment lessons and advices, but this article from Forbes.com entice me to publish a very common but important principle central to the Partnership's workings when it comes to investing our capital. To quote:
"Contrary to conventional wisdom, the key to investment success isn’t getting higher returns. It’s keeping your losses within your comfort zone, so you don’t panic and sell out at the wrong times"
We shall keep our capital intact (short-term fluctuations notwithstanding) before we can really aim for above-average return on invested capital. After all, we can't grow the capital if we have none. Yes we can leverage, but aren't we leveraging to have/create the capital?
Very much looking forward to share the Partnerships's first half of 2012 mistakes and lessons.
