Shane Oliver's Keys to successful investing
Key points:
- Four investment market realities: there is always a cycle, it's a mad, mad,
mad world; starting point valuations matter a lot for returns; and the power of
compound interest.
- Keys to successful investing: know yourself; seek advice; invest for the
long term; diversify; turn down the noise; avoid short-termism; focus on
investments offering sustainable cash flow; recognise there is no free lunch;
buy low, sell high; don't fret the small stuff'; don't over rely on expert
forecasts; recognise the aim is to make money, not to be right; beware the crowd
at extremes; and if you have the right strategy, never despair.
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