Lessons from the front line of investing

There is no substitute for experience and patience when it comes to investment

I recently decided on a tidying up exercise, going through old files - some dating back 25 years and more. While doing so I came across many of my share dealings from back then. What struck me was how scattered and undisciplined my approach to investing was a quarter of a century ago compared to today.

Back then, I did far too much much on impulse. Looking back on it decades later the ...