Be careful of leverage. It can go against you.
Try not to let your emotions affect your judgement.
If the market were way over priced, I wouldn't own any stocks.
Be aware of the level of the stock market. Are yields low and PE ratios high?
Our average holding period is four years.
If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.