ZF Capital

Keep alert, and aggressively monitor you investments. No bull market is permanent, and no bear market is permanent. No stock is a sure thing, and there are no stocks that you can just buy and forget about. The pace of change is great, and investors must expect and react appropriately to it. To act in your own best interests, you must be prepared, informed, and watchful of your investments. Complacency opens the door to surprise and disappointment. You must always be ready to cope with the changes that will confront you.

– Gary Moore, Spiritual Investments

If you think you have all the answers to investing, you are creating a formula for disappointment, if not outright failure. Even if we identify a set of investment principles, such as these, we cannot apply them to an unchanging universe of investments – or an unchanging economic or political environment. Everything is in a constant state of change. In today’s booming market, it is easy for investors, after a series of successes, to become complacent in their own knowledge and abilities. But this sense of “security” is dangerous – and false – producing a cocksure approach to investing that will eventually lead to disappointment, if not disaster.

– Gary Moore, Spiritual Investments