Three Lessons for the DIY Investor
Fergus Hodgson, March 14, 2018 
Many of us have a penchant for handling our own affairs, for going our own way in financial matters. Dickson Buchanan of Monetary Metals has learnt the hard way, and he has distilled his hindsight into three key lessons.
His lessons have often come via trial and error, and they focus on restraining one’s irrational instincts: planning, process, and patience.
His curiosity for economics and finance led him to his previous role as a broker and director of international development with SchiffGold. Buchanan studied Austrian economics for his master’s degree at King Juan Carlos University in Spain, and he now works as a relationship manager for Monetary Metals.
Dickson Buchanan (right) is a young father who has been investing since his high-school days, and he advocates a trading journal to learn from one’s mistakes.
Recommended Links
- What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan (1992 pages, 2013).
- The Investor’s Field Guide podcast.
- Dickson Buchanan blog.
- “Behavioral Economics” in The Concise Encyclopedia of Economics.
- Evernote.
- Toodledo.