This article was published by The McAlvany Intelligence Advisor on Monday, August 8, 2016:
Every investor has, or at least should have, rules. A few good ones are: If your barber starts giving you investment advice, find another barber. Tips are for waiters. Never get into something that you can’t get out of. Always set a stop loss. If you miss one opportunity, don’t worry: there’s another one right behind it. Wherever possible, hedge. And so on.
Above all these is Rule Number One, a rule so hackneyed it’s almost embarrassing to put it down on paper: