Michael Murray: Lessons from a life invested

Michael Murray: Lessons from a life invested
As to little trading “flutters”, I confine them to small companies and small money. I won’t starve if I lose, and I like to buy a piece of art from what I gain – an asset class with no dividend stream, but more pleasing to the eye than the share certificate that I forfeit to acquire it.

A mix of experiences, patience, commercial common sense, failures and successes can form a solid foundation for investment

Luck plays a large part in life. But when it comes to investing, there is no substitute for experience, due diligence, and for learning lessons the hard way.

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