2. There is no magic formula that will always work. An intelligent investor should improvise, learn from successes and set backs, and move forward. Don’t be carried away by the stock market fads, they come and go. Don’t allow yourself to be fooled by the big bulls; they also come and go. Don’t believe in financial wizards; after a while they may turn into financial lizards. One’s own knowledge and expense are perhaps the best bets in this game. Investing in stocks is a serious business. One must always remember that the rewards are proportionate to the risks one is able and willing to take. One has to learn this business, with patience and perseverance. After you have learnt the basics, do not behave in your infallibility. Arrogance is never a virtue in stock market.
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