Managing a portfolio is not that different than being the head of purchasing for a major department store, a golf professional, a football coach or any typical business person. Of course not. The buyer would only re-order items that were selling well and would discount the merchandise that was not selling in the form of a sale to get rid of the distressed inventory. A golf professional on the pro tour makes a living by making birdies and pars. A seasoned professional would never risk making a triple bogey in order to make a birdie when a par could be had with substantially lower risk.
Football is a great game because of the many strategies involved on both offense and defense.
The offense gets three downs to advance the football 10 yards for a first down. If unsuccessful, the coach will send in the punter to kick the ball to the other team and then go on defense. Sure, the coach could take a chance and try to get the 10 yards on fourth down, but statistically, that has a small chance of happening. Success in stock market investing requires a game plan and a disciplined approach to minimizing risk, the same basic principles applied to any variety of enterprises. These guidelines will help to remove the element of luck when it comes to making stock investments, and can introduce a winning game plan to anyone's portfolio.