Simple, Systematic, and Pragmatic

My investment philosophy. Simple All investment vehicles should be simple, easy to understand, and maintain while owning them. You should not own an investment that you don't even understand. You should be able to explain how your investment makes money for you. Making a profit but not understanding how it happened seems foolish to me. Systematic You should have an investment process for researching, buying, holding, and selling securities. Pragmatic Always be pessimistic, optimistic, and realistic. Combining these three leads to the truth that you seek.