Dave Landry On Money Management
Dave is one of the few people I follow routinely, and I’ve learned to pay particular attention to the things he repeats regularly. One concept he has been kind enough to share is a clear, definitive method of money management. Even if you don’t follow his way to the letter (and he would tell you that you shouldn’t), there is much wisdom to be gained from studying it.
The following quote is from his latest article:
Someone recently emailed me criticizing my methodology. They said that “if it wasn’t for the money management, it wouldn’t work.” Well, I think I have to agree with them. In fact, I can’t imagine any system working without money management.