Summary |
It’s an old saying, but this Wall Street adage is still relevant today. It worked once again during the market decline that began in 2008. In The Seven Rules of Wall Street, Sam Stovall, master investment strategist and expert on the stock market, presents seven familiar sayings that not only convey enduring truths but also serve as superb investment strategies.
In this engaging guide, Stovall subjects his chosen sayings to the facts of history and to his own personal experience. When it comes to building a portfolio, for instance, should you “let your winners ride, but cut your losers short”? Absolutely. “On average, “Stovall writes, “the winners’ beat the market by a near two-to-one margin. The winners also beat the losers most years: seven out of every 10 years.”
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