Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
In the same category

Roger Babson's Ten Commandments For Investing

IMG Auteur
Jesse
Le Cafe Americain
Published : November 20th, 2014
273 words - Reading time : 0 - 1 minutes
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Market
Disclaimer

Some friends and I were discussing Roger Babson earlier today.

As you may recall he was an MIT trained engineer who became a famous stock market analyst and financial theorist. I have acknowledged in the past that my own particular style of charting was in part inspired by his own approaches to force and resistance. He never really codified his techniques, so they are not all that well understood. But he used them to some great personal advantage.

As an aside he helped in the creation of a 'business engineering' course at MIT, a first for an American University. Babson founded Babson College among other things. 

I have written about Babson several times when discussing the events of 1929, but also about 'The Boulders of Dogtown' which are typical of the man.

But Babson is most well known for his prediction on 5 September 1929, "sooner or later, a crash is coming, and it may be terrific."

Roger Babson had ten commandments he followed in investing and encouraged his readers to do the same.  I was reminded of them when I looked up the exact date of his crash forecast that triggered 'the Babson Break.'

These were:
  • 1. Keep speculation and investments separate.
  • 2. Don't be fooled by a name.
  • 3. Be wary of new promotions.
  • 4. Give due consideration to market ability.
  • 5. Don't buy without proper facts.
  • 6. Safeguard purchases through diversification.
  • 7. Don't try to diversify by buying different securities of the same company.
  • 8. Small companies should be carefully scrutinized.
  • 9. Buy adequate security, not super abundance.
  • 10. Choose your dealer and buy outright (i.e., don't buy on margin.)
<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold