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
