The Zurich Axioms

Recently, I completed a great book on speculation. This book taught some wonderful starting from risk. Not taking a risk is a risk in itself. People don’t want to be worried. If you want to stay worry free and don’t want risk. You can’t progress much financially. In every step, there is risk. We have an ongoing and uncontrollable risk of the World War. There are 13 axioms in the book. We just talked about the first one.

Second axiom is on Fear of Regret (FOR). We often hear about FOMO (Fear of Missing Out) but the book talks specifically about FOR. The price often goes up after you sell and it goes down after you buy. In this axiom, the author narrates about the greedy nature of human being.

Thirdly, when ship starts to sink, don’t pray, just JUMP. Instead of praying for the market to correct. It’s better to accept where the analysis went wrong and move ahead. It might be difficult but accept small losses to avoid large losses.

We discuss the remaining Axioms tomorrow stay tuned.