Morgan Housel’s 9 Financial Rules

Another set of instructive rules for investors, this one from Morgan Housel:

1. Nine out of 10 people in finance don’t have your best interest at heart.
2. Don’t try to predict the future.
3. Saving can be more important than investing.
4. Tune out the majority of news.
5. Emotional intelligence is more important than classroom intelligence.
6. Talk about your money.
7. Most financial problems are caused by debt.
8. Forget about past performance.
9. The perfect investment doesn’t exist.

Source:
9 Financial Rules You Should Never Forget
Morgan Housel
October 14, 2012
http://www.fool.com/investing/general/2012/10/14/9-financial-rules-you-should-never-forget.aspx

(h/t: Barry Ritholtz)