Investors Need A Set Of Written Rules To Follow – Dumb Rules Are Better Than No Rules

Johnny HopkinsPodcastsLeave a Comment

During his recent interview with Tobias, Michael Batnick of Ritholz Weath Management discusses the importance of having written rules to follow in order to be successful in investing, saying:

I’m also a big believer in having written rules, and I had no such rules when I was doing it, but I just think that if you’re making decisions in the heat of the moment, you’re setting yourself up for disastrous failure, and I think that that’s true. I don’t even care necessarily what the rules are. They could be, you know, dumb rules are better than no rules, because I think you’re going to shoot yourself in the foot. At least I did. What I would do, this is sort of my M.O. One of the things that I did consistently was I would buy a stock on a breakout, and it would run two or three days, and then I would sell it on the retest. Because I didn’t have the discipline to sell on the way higher, and then I got scared that my profits were being ripped away from me.

The Acquirers Podcast

You can find out more about Tobias’ podcast here – The Acquirers Podcast. You can also listen to the podcast on your favorite podcast platforms here:

Apple Podcasts Logo Apple Podcasts

Breaker Logo Breaker

PodBean Logo PodBean

Overcast Logo Overcast

 Youtube

Pocket Casts Logo Pocket Casts

RadioPublic Logo RadioPublic

Anchor Logo Anchor

Spotify Logo Spotify

Stitcher Logo Stitcher

Google Podcasts Logo Google Podcasts

For more articles like this, check out our recent articles here.

FREE Stock Screener

Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple:

unlimited

Join 10,906 other investors in search of undervalued stocks, value investing news, and investing strategies from the greats:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.