Best Advice
Page 17 of 18
Develop a healthy skepticism
Ed Zore. President and CEO, Northwestern Mutual
As a new stock trader Zore remembers looking through a list of stocks in the company's portfolio and wondering why we didn't buy more of the highest-yielding stocks.
When Zore asked the portfolio manager, he informed him that when a stock offers a dividend that's high for its category, it can mean that the dividend is in jeopardy.
Ignore short-term market swings
Christopher Browne. Chairman, Tweedy Browne
f you're comfortable with the stocks you own, if they're solid businesses and you haven't borrowed a lot to buy them, let the market do its worst. You don't have to do something dramatic just because the market had a bad day.