What’s the difference between successful investors and those who flail around year after year? In a general sense, it comes down to a plan. Successful investors have systems, rules and discipline.

When they buy a stock they know why. They know what they’re going to do if it does well, and what they’ll do if the investment goes sour.

If that investor also has more than 30 years experience in the investment business, and has developed very specific methods around fundamental and technical analysis, and other at-the-ready investment principles, the probability is their returns and ability to protect capital will be solid.

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