Three principles I believe on successful development won a…
Page 198. Three principles I believe on successful development won a careful selection in a few investments or a few types of investments having regard to their cheapness in relation to their propable actual and potential intrinsic value over a period of years ahead and in relation to alternative investments at the time, to – a steadfast holding of these inferfairly large units through thick and thin perhaps for many years until either they have fulfilled their promise or it is evident that they were purchased on a mistake, three a balanced investment position a variety of risks in spite of holding individuals being large and if possible opposed risks for example a holding of gold shares among other equities since they are likely to move in opposite direction when there are general fluctuations.
— from Time