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The 12 principles are as follows:
1. Self-Interested behavior: People act in their own financial self-interest figure it out
2. Two-Sided transactions: Each financial transaction has at least two sides credit and debit
3. Signaling: Actions convey information - watch what others are and are not doing
4. Behavioral: When all else fails, look at what others are doing for guidance - mirroring
5. Valuable ideas: Extraordinary returns are achievable with new ideas
6. Comparative advantage: Expertise can create value even without other resources
7. Options: Options are valuable
8. Incremental benefits: Financial decisions are based on incremental benefits
9. Risk-return trade-off: There is a trade-off between risk and return find a balance
10. Diversification: Diversification is beneficial it lowers risk
11. Capital market efficiency: Capital markets reflect all information quickly
12. Time value of money: Money has a time value
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