Doug Kass of Seabreeze Partners offers great advice in interview

I just read a great interview with Doug Kass of Seabreeze Partners.  The interview is on Benzinga.com. I thought the following quote was the most relevant as it completely agrees with my basic investing philosophy as well as the philosophy of my upcoming book.

Q: What is one paradigm that aspiring traders or investors must adhere to or understand in order to find success?

A: There are five basic tenets to investing success that I would give to any trader or investor:

  1. Stop your losses and let your profits run.
  2. Don’t use leverage.
  3. Be diversified.
  4. Always remember that it is better to lose opportunity than lose capital.
  5. Don’t forget #1!

You can read the entire interview here.

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