Author: Whitney Tilson, DailyWealth.com

These are some of the most important things you can do as an investor to improve your long-term results and build lasting wealth in the market.

My experience — both big successes and major mistakes — has taught me exactly what works with investing… and what doesn’t. With that in mind, here are seven of the simplest and most important lessons I’ve learned, and how you can apply them to immediately start improving your investing results.

Today I’m going to show you the four steps that individual investors can take to beat the market over the long run — including one that can help put you ahead of the pros.

I had it backwards my whole career…

After 20-plus years on Wall Street, I’ve realized that all of my successful investments — both long and short — start with these key steps.