Avoid the deadly sins of asset management

From the earliest times, the number seven has had some special significance for mankind. For example, Arabic, medieval European, Persians and Talmudists all had differing concepts of what were called the seven seas. In modern parlance, the septet includes the Pacific Ocean, the Atlantic Ocean, the Indian Ocean, the Arctic Ocean, the Mediterranean Sea, the Caribbean Sea and the Gulf of Mexico.

There are seven notes in the Western concept of a musical scale. How about the number of days in the week? Then, we have the Seven Wonders of the World. It’s hard to come of age in this or any country without ever having heard of those seven deadly sins too many of us embrace and practice daily.
 
At this point, I’d be talking about what could be called the deadly sins of asset management, but I learned that somebody beat me to the punch. I direct your attention to “7 Deadly Sins of Asset Management.”

Everything listed below the “bonus sin” doesn’t contribute to the general idea I had in mind when I pointed this site out for your edification. Read and take heed.