rwds strategy & path to success - new report , page-19

I think a wise investor is aware they dont and cant know everything. What happens alot in investing and other spheres is a person will be very successful until one day the fundamentals change. Think Hitlers Blitzkreig, a successful (though risky) manoeuvre until the soviets General Winter globbered him, there are plenty of examples in the investing world, black swans.There was a large hedge fund in the late 1990s, I cant remeber the name, established by Nobel prize winners in economics. made millions then went broke. The Hunts did alright in silver till the rules got changed. From reading I gather money and risk management are essential to successful investing. Humility is a useful trait, pity I dont have any.