The Zurich Axioms: The rules of risk and reward used by generations of Swiss bankers

by Gunther Max

only half of one’s financial energies should be devoted to job income.

every new position feels like a starting position.

Your two grand doesn’t feel like an ending position. It feels like a new starting position.

Decide where the finish line is before you start the race.

Most of the time, arrival at an ending position should signal just one thing: it’s over.

investor/speculator

The first obstacle is the fear of regret

The second obstacle to implementation of the Third Axiom is the need to abandon part of an investment.

The third obstacle to the Third Axiom’s implementation is the difficulty of admitting you were wrong.

Refusing to be wrong is the wrongest response of them all.