Minimize self-inflicted damage by spreading bets (diversification), acting rarely (low turnover), and staying away from personal weaknesses. 2. The Development Framework
Every asset generating cash flow has an intrinsic value that can be estimated. Investment Philosophies By Aswath Damodaran Pdf
An investment philosophy is a coherent way of thinking about markets and why they make mistakes. It is broader than a strategy (e.g., "buying low PE stocks" is a strategy, not a philosophy). acting rarely (low turnover)