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John Lee
Born
June 21, 1942
* Note: these are all the books on Goodreads for this author. To add more, click here.
“I believe that everyone should keep a reserve of liquidity outside their portfolio to meet family emergencies. While a portfolio can be part liquidated relatively quickly, there have been times, such as the secondary banking crisis of the early 1970s or the 2008 subprime/banking crash, when markets have plunged and stocks have become almost unsaleable.”
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
“Meera Patel, senior analyst at Hargreaves Lansdown, says: "The biggest mistake people make is to buy high and sell low. Many people simply end up putting their money in the most fashionable funds promoted by investment firms. But as technology shareholders found out to their cost in the late 1990s, investing in funds that are the flavour of the month is recipe for disaster. The way to make money is to be contrarian.”
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
“I'd also advise that there is no need to invest all your equity allocation in one splurge. Take time over it, build up the portfolio at a pace that you feel happy with as and when you go 'nap' on (select) a particular share.”
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
― How to Make a Million – Slowly: Guiding Principles from a Lifetime of Investing
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