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Larry D. Spears
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Playing 'Follow the Guru' Can Be Fun - and Profitable - for Investors
If you wanted to distill all the world's best investment advice into a single sentence, it would probably come down to this: Follow the leader.
- Just do what Warren Buffett does.
- Or what George Soros does.
- Or what Peter Lynch does (or did).
In short: Follow the guru. That's not just a clever phrase. In fact, if you picked any of the investment world's living legends and copied what they did, odds are you'd be pretty successful over time, regardless of the general market environment during any given short-term period.
We've whittled the investing wisdom of these three stalwarts – and others – into 15 rules to live by. We offered the first five rules in Part I of this story, which appeared yesterday (Wednesday). Here in today's second installment, we offer the final 10 rules.
- Playing 'Follow the Guru' Can Be Fun - and Profitable
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- The 10 Keys to Short-Selling Profits
- Mortgage Markets Show Increased Stability, But Limited Opportunity
- Epitaph For the ARM: Is the Adjustable-Rate Mortgage Finally Dead?
- The Essential Eight: The Only Economic Indicators Investors Need to Know
- Freakish Winter Freezes Some Profit Plays, Heats Up Some Others
- Investing Strategies: How to Decode the New Option Symbols That Take Effect Today
- Six Ways to Profit From the Rebound in Luxury Spending