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Investment - 4 - Dummies: STAOW & Investment Part I: Rule Number One
Monday, July 03, 2006

I don't know if Warren Buffet had ever studied Sun-Tze Art of War. But his key saying of
"Rule number one, Never Lose Money" immediately reminded me of Sun-Tze's saying:

For those who can't read Chinese, here's the translation by LIONEL GILES, M.A. (1910):

1. Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.

2. To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

3. Thus the good fighter is able to secure himself against defeat, but cannot make certain of defeating the enemy.

4. Hence the saying: One may know how to conquer without being able to do it.

So, whether it was Warren Buffet who learned from the ancient wisdom, or it was great minds think alike, the number one rule still rules: Don't lose money!

If you are still not convinced, let's look at another time-honoured principle from an ancient profession: medicine. "Primum non nocere", ok, I am no expert in latin, but according to the reliable source, it translate to English as "first, do no harm". Nope, it wasn't come from the Hippocratic Oath; and yes, medical intervention can cause harm. Just like war can cause defeat, and investment can cause loss.

So, before embarking on any investment, remember rule number one.

And don't forget rule number two as well :)


posted by winpulse @ 9:01 AM,

9 Comments:

At 1:25 AM, Blogger hasan said...

in this article rule number one language is not clear.

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At 1:17 AM, Blogger Unknown said...

rule no one is very difficult.


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At 1:17 AM, Blogger Unknown said...

rule no one is very difficult.


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At 3:12 AM, Blogger rain bow said...

Its really difficult to face it personally. But good thing there are company offering such service. You can start looking here

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At 1:13 AM, Blogger hasan said...

Before embarking on any investment, remember rule number one.Its really difficult to face it personally to maintain rule number one.If any body can follow this rule proper way automatically success will arise.

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At 10:12 PM, Blogger Unknown said...

You can start looking here,but good thing there are company offering such service..If any body can follow this rule proper way automatically success will arise.

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At 9:53 PM, Blogger Unknown said...

If any body can follow this rule proper way automatically success will arise.This rule is very important for businessman.Before embarking on any investment, remember rule number one.Its really difficult to face it personally to maintain rule number one.

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At 12:51 AM, Blogger rain bow said...

This article is helpful for me. I will use it for my future experience and useful for our environment too. I will follow the article for my future.

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At 1:34 AM, Blogger Unknown said...

This comment has been removed by the author.

 

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