There’s not one true way to wealth in the stock market, but there are simple principles that will almost certainly improve the odds – Understand what you’re buying, don’t get rattled when things go wrong and stay consistent. Acclaimed journalist and author of ‘Taming The Beast’, Larry Light reminds us that we’re actually living in the best of times. History tells us that the greatest investors of our time thrived during times of crisis because they knew ‘the time to buy is when there’s blood on the street.’ looking back to the early 90’s, Apple Computer would have been the perfect value play, yet few were willing to make that bet. Today, of course, those who did are infinitely wealthier. Larry likes to identify successful investors as having “an ambidextrous ability. They don’t put all their chips in one pot.” Even the great Ben Graham, considered the father of value investing, advocated owing a large bond portfolio as a ‘margin of safety.’
