Berkshire Hathaway Inc (BRK.B)

[bar1080]

Here are five more.

- Market timing doesn't work. Odds are better than 50/50 you'll get it wrong.
- Charting is worthless.
- "The More You Trade The More You lose." Generally buy and hold.
- The inner you (and me) is an idiot. Acting on whims and hunches will only get you in trouble.
- Successful investing is slow. You're damn good if you beat the S&P by a few percent a year.

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These aren't are just my shoot-from-the-hip rules. These are rules I've used successfully over 50 years. Although I've never shorted a stock, I've seen other investors devastated by ill-considered shorting.

Furthermore I don't think Buffett/Munger would strongly disagree with ANY of the above for the average investor.