Publications

  1. Home
  2. Publications
  3. Rich Man, Poor Man
Rich Man, Poor Man

Rich Man, Poor Man

Author
Richard Russell
Type
Article
Link
cmgwealth.com
Cost
Free
Parent Pub
Dow Theory Letters
Frequency
One Time

"Rich Man, Poor Man" is a famous article by Richard Russel that outlines some of the most powerful and basic tenants of investing.

  • The most famous writing by Richard Russell
  • Outlines some high-level rules for investors
    1. Compounding is the most powerful force in investing
    2. Don't lose money
    3. Don't feel pressure to invest in the stock markets - compounding income sources should be sufficient
      • Only invest money when you have found found something valuable (underpriced)
    4. Don't go into debt - spend less than you earn and save the rest
    5. Only stray away from compounding when you find an investments that is:
      1. priced for value
      2. safe
      3. offers a good return
      4. has a good change of increasing in price

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

Copyright Finnotes.org © 2018 - 2020