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The 7-Deadly Investing Sins, this reminds me of grade school

#1
Wrath – never get angry; just fix the problem and move on.
Greed – greed causes investors to lose more money investing than at the point of a gun.
Sloth – don’t be lazy; if you don’t pay attention to your money – why should anyone else?
Pride – when things are going good don’t be prideful – pride leads to the fall. You are NOT smarter than the market, and it will “eat you alive” as soon as you think you are.
Lust – lusting after some investment will lead you to overpay for it. 
Envy – this goes along with Lust and Greed
Gluttony – never, ever over-indulge. Putting too much into one investment is a recipe for disaster.
 
Advice is often worth exactly what you pay for it, and sometimes not even that. A friend passed these along to me some time ago and I thought to share them with you.
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#2
Turning this around a bit:
 
<Hope this light comment is taken in the right spirit and not as an offense or disrespect to anyone>
 
The 7-Deadly Sins for Better Investment:
 
Wrath - Be angry, very angry, if your account/fund manager fails basic fiduciary duties, charges ridiculous fees, only to underperform the market. Take an oath to do your best to protect innocent victims of this practice.
Greed - Be greedy when others are irrationally fearful about some investment opportunity
Sloth - Be lazy and let your money work for you in the background instead of constantly trying to time market and getting in/out of securities
Pride - Be proud when you have peace of mind, financial independence, care for yourself and others, even if you don't get to drink the finest wine, party in luxury yacht, or the largest waterfront house amongst your circle.
Lust - Have a strong, uncontrollable desire for plain boring and steady investment, rather than the next Hot thing
Envy - Envy those whose happiness is defined not by wealth, but by meaningful purpose in life.
Gluttony - Over-indulgence in giving/doing for others, especially the less-fortunate ones, is rarely a bad thing.
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#3
I really appreciate the counter points to the main "sins".  (from grade school to college- LOL)
 
This reminds me of a college political science project that we did in 1971; and that I just revisited/discussed yesterday.
 
The project required a strong opinion (e.g. sending a man to the moon vs. investing in social programs)  with all of the support points one can muster.  Part two of the project required a total 180 counter point with all of the support points one can muster (against the original premise). 
 
This was one of the most difficult but insightful project that I ever performed in college.  Leave the closed mind at the door.  
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#4
(11-19-2018, 06:15 AM)fdhs_runner Wrote: I really appreciate the counter points to the main "sins".  (from grade school to college- LOL)
 
This reminds me of a college political science project that we did in 1971; and that I just revisited/discussed yesterday.
 
The project required a strong opinion (e.g. sending a man to the moon vs. investing in social programs)  with all of the support points one can muster.  Part two of the project required a total 180 counter point with all of the support points one can muster (against the original premise). 
 
This was one of the most difficult but insightful project that I ever performed in college.  Leave the closed mind at the door.  

Turned out the US tried to do both; the Moon program led to innumerable technological innovations and economic growth; the War on Poverty doesn't seem to have done much good at all. Is there a modern analog?
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#5
Is there a modern analog?

If I read your inquiry as you intended...I would claim that every decision has a counter point; and, furthermore every financial decision has an opportunity cost. That cost is highly subjective to the values placed on tangibles and intangibles. An obvious, controversial project that has many ramifications/opportunity cost is the decision to build the border wall. Not judging the merits of the wall, but consider the other opportunities/alternatives with those dollars, e.g infrastructure repairs and updates to roads & bridges. Bluntly -control vs. safety
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