The 7 Immutable Laws of Investing
by James Montier
They are as follows:
1 - Always insist on a margin of safety
2 - This time is never different
3 - Be patient and wait for the fat pitch
4 - Be contrarian
5 - Risk is the permanent loss of capital, never a number
6 - Be leery of leverage
7 - Never invest in something you don’t understand
