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Professional Investor Rules: Top investors reveal the secrets of their success by Jonathan Davis

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Introduction by Jonathan Davis

Many years before he became chancellor of the exchequer under Mrs Thatcher, Nigel Lawson was the City editor of the Sunday Telegraph newspaper and in that capacity produced the first example I can remember of a published list of do’s and don’ts for investors. They weren’t perhaps as sophisticated or as profound as some you will find in this collection – this was a piece of journalism after all, probably dashed off in little more than an hour – but they had the merit of being both readable and a pointer to certain fundamental truths about investment which have subsequently stood the test of time and experience.

These, to my mind, are the most important characteristics you hope to find in a good investment rule, ...

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