What is the best money management rule you have come across?

General
1

what is the best money management rule you have come across?

2

U can’t win, if u don’t bet.
And u can’t bet, if u lose all ur chips (₹).

Risk management is very important.

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3

KNOW THE DIFFERENCE BETWEEN WANTS AND NEEDS.
hope you are using zerodha’s Pi, While you login, there is always a nice quote displayed everytime.:grinning:

4

Ok everybody publishing one liner here :sunglasses: OK here is mine its classic:-1: Rule No. 1 - Never lose money, Rule No. 2 - Never forget rule no. 1. Very basic but ingeniously told about Value Investing.

5

i haven’t really understood these 2 rules of WB… basically if you never take risk how will you make money? could you elaborate pls

6

See Kelly’s money management formula.

See here https://en.wikipedia.org/wiki/Kelly_criterion

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