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" ... 4. Fully understand risk and trade-offs. Nothing in the financial universe, just as in life, is without risk. Know what the risks are, and realize that with every investment decision, you are trading one form of risk for another. Know yourself and your tolerance level for each, and remember that taking on more volatility than is necessary to achieve your vision is the acme of foolishness. ... "
" ... 9. Neither is it the acme of excellence if you fight and conquer and the whole empire says, "Well done!" ... "