[cloche]

https://thetaoofwealth.wordpress.com/2013/02/17/harry-browne...

  1. Your career provides your wealth
  2. Don't assume you can replace your wealth
  3. Recognize the difference between investing and speculating
  4. No one can predict the future
  5. No one can move you in and out of investments consistently with precise and profitable timing
  6. No trading system will work as well in the future as it did in the past
  7. Don't use leverage
  8. Don't let anyone make your decisions
  9. Don't ever do anything you don't understand
  10. Don’t depend on any one investment, institution, or person for your safety
  11. Create a bulletproof portfolio for protection
  12. Speculate only with money you can afford to lose
  13. Keep some assets outside the country in which you live
  14. Beware of tax-avoidance schemes
  15. Ask the right questions
  16. Enjoy yourself with a budget for pleasure
  17. Whenever you’re in doubt about a course of action, it is always better to err on the side of safety