What should a great investment philosophy include?

What should a investment philosophy include? I found that investment books and media in Taiwan like to use the four words “investment method of mentality”. Mainland China, Hong Kong, or the United States are not like Taiwan.

Invest success depends on less chance of making mistakes

Invest success depends on less chance of making mistakes, For the definition of risk, I think Buffett’s statement is the most appropriate: “the possibility of loss or injury.” (from: BRK Annual Meeting 1994) and “Risk comes from not knowing what you’re doing.” 

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