Phil Oakley 

You don't need hindsight to be wise

Phil Oakley

You don't need hindsight to be wise

For me, avoiding big losses is the key to running a successful long-term share portfolio – even more so than picking winning shares. This is because big losses are hard to recover from. A share that halves in price has to double just to get back to where you were. It would be good if there was a way of staying away from losers in the first place. This is not always possible, but there are frequently warning signs of trouble ahead that often get ignored. Being able to spot potential red flags and working out what they mean is therefore a valuable part of the investor’s toolkit.

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