Some good advice from the legendary investor:
Keep accumulating real money, which means gold.
Stay away from long-dated bonds.
If you’re lonely, get a dog (preferably a standard poodle.)
Never play cards with a guy named “Doc.”
Never eat in a restaurant named “Mom’s.”s
Never marry anyone who’s got more troubles than you have.
Never take a stock tip from — well, never take a stock tip. Period.
Source: Dow Theory Letters
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.