Don’t look for the needle in the haystack. Just buy the haystack.
Nikolas Kreuz, Managing Director of INVIOS, spoke at the Investors’ Day in Düsseldorf about the secrets of the professionals and subsequently gave an interview to BörsenRadio.
Does successful investing require better information or simply stronger nerves? “Stronger nerves AND discipline,” Kreuz clarifies. On the stock market, investors often feel more fear than greed. “If you follow all seven deadly sins, you’ll soon manage to turn a large fortune into a small one.” Kreuz links these deadly sins to individual shares to illustrate his point.
Nikolas Kreuz recommends a core-satellite approach based on the Pareto principle of 80:20 and advises: “Always diversify across a broad range and in depth.”
