“Perfection is impossible. However, striving for perfection is not. Do the best you can under the conditions that exist. That is what counts.”

--John Wooden

The wisdom output from the great collegiate basketball coach is truly impressive. Here, the UCLA legend gives us some thoughts that can be applied to investing. You see, perfection in making the right trades is impossible. But what you can do is strive to get it right every time, despite the incomplete information conditions that always exists when you put your money at risk. The greater the care you put into your investing, the more likely you are to get it right -- and that’s what really counts.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to ask Doug.