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Wisdom is the quality or state of being wise; knowledge of what is true or right coupled with just judgment as to action.
You can never succeed in life without wisdom. Here are some stock market wisdom:

1. Always insist on value when you buy.
2. Never buy in a downtrend; don’t catch a following dagger.
3. Buy what you know and know what you buy.
4. Don’t try to pinpoint the bottom or top.
5. Never overpay, no matter how great you think the stock is.
6. Don’t surrender to the herd instinct.
7. Don’t listen to tips, especially those that are supposed to come from the horse’s mouth.
8. Bet only what you can afford to lose and when the odds are in your favor;
rarely put in a fifty to fifty chance bet.
9. Don’t be afraid to switch counters when you find ones that have better value.
10. Never fail to have a plan whether you trade or invest. Those who fail to plan,
plan to fail.

Members who wish to share their wisdom, please have them posted here.
Thanks.