What Every Investor Should Know (by Marc Faber)

Marc Faber, investor and author
(his favourite book is The Alchemist, and here's why)

Marc Faber (wikipedia bio) is a successful contrarian investor who cuts out the B.S. and speaks from the gut. Watch this intelligent and funny interview he did about the prospects of the world economy: Buy a farm and shotgun...

This is a man who has made fortunes from his investments.

Here are his 10 Investment Rules.

My favourite part:

"Today's society is obsessed with money. But the best investments for you may be in your own education, in the quality of the time you spend with the ones you love, on your own job, and on books, which will open new ideas to you and let you see things from many different perspectives."

I completely agree with Mr. Farber - money can come and go, the strong investor and entrepreneur does not fear it's gain nor loss. Capital is a tool (a very powerful tool), and by itself, will not build strength of character, gratitude and happiness! The true treasures of life are knowledge, nurturing relationships, a happy home and family life, development and expression of talents, living according to our values and spiritual insights... add to this list what you wish, but bottomline is that the real treasure is a life of integrity and wisdom, which lead to happiness.

By the way, Marc Faber is a supporter of gold (to learn more about gold investments, get this book without delay).

(as you can tell, blog Phoenix Rising will be presenting to you useful and pragmatic viewpoints from insightful people, so you can work on navigating yourself and your family through the economic storm)