By Dan Ferris
Editor's note: Today, we're continuing our holiday series by revisiting some of our favorite timeless essays from Stansberry Research and our affiliates. In today's piece, which we last shared in 2018, Dan Ferris shares the "negative advice" all great investors follow... and why you can't afford to ignore it.
Also, our offices will be closed tomorrow and Wednesday for Christmas. We'll return to our regular DailyWealth schedule – with more classic investing insights – on Thursday, December 26. Until then, enjoy the holiday!
All investing success requires mastery of a single skill.
If you don't gain this expertise, you'll never make much money as an investor. You might occasionally get lucky... but you'll likely lose everything you make without this skill firmly under your belt.
The skill I'm talking about is saving money.
But it goes even deeper than that...