18d • General discussion
Why rule based investing is important (Ray Dalio?)
Rule based investing was made popular by Ray Dalio - The founder of Bridgewater (I believe)
It is important because compare to intuition-based investing, rule-based investing solves a key problem
The human element.
Sometimes, I wake up and I feel I am not at my best
Maybe my mind is foggy
Maybe my two kids running around and screaming at me gives me a headache
or maybe the market is going against me and it is just not my day
Either way, there are a million reasons why I might not be performing at 100% on any given day
As the market is challenging and everyone is using AI to invest, not bringing your 120% self to the market can easily spell disaster
A human's emotion can be the trigger for disaster.
That's why you need rules.
Tested rules. Tested over and over again.
It gives you a compass when you are not at 100% and still perform very well.
Cheers,
Eric
----
Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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Why rule based investing is important (Ray Dalio?)
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