(This book is highly recommended for those who are serious want to succeed in investing).
Mark Tier analyze the methods of Warren Buffet and George Soros and see why they are so succesful - both of them use different approaches and their methods are very different, yet Tier show, the keys to their success are amazingly similar.
The author mentioned that each Master Investor's system is built from the same 12 CRITICAL ELEMENTS:
(1) What to buy
(2) When to buy
(3) What price to pay
(4) How to buy
(5) How much to buy as a percentage of portfolio
(6) Monitoring progress of investments
(7) When to sell
(8) Portfolio structure & leverage
(9) Search strategy
(10) Protection against systemic shocks such as market crashes
(11) Handling mistakes
(12) What to do when the system doesn't work
We have to list down our 12 Critical Elements in investing, follow thoroughly the system.
I am listing down my 12 Critical Elements to build a better system for my Investment!