Part 5/13:
The most opportune moments to buy occur when the market faces downturns. Acknowledging the fear prevalent during these times can lead to significant buying opportunities.
Understand Your Company
Investors should know a business thoroughly, from its CEO to its operational model. A deep understanding is crucial so that, during market turbulence, panic does not lead to hasty decisions like selling.
Create an Investment Constitution
Just as countries cannot legislate against their constitutions, investors should develop a core set of rules that govern their investing practices. This "investment constitution" should be a constant reference point.