Lesson one: learn from your mistakes

Lesson one: learn from your mistakes

It takes time to become a master of the markets, but these ten resolutions can help you get there quicker

If you are reading this newspaper, there is a fair chance you have a history of investing to look back on, perhaps over more than one economic cycle.

All booms and busts differ in duration, depth and impact.

All throw up different lessons, and there is no substitute for learning from the mistakes you have made in the real world rather than from the theories of economics or management that you find in text books...

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