The bitterest way to learn investing wisdom
If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.
Skill
DIY investors are not the patsies at the table
The tech fund managers could only hold their noses and invest the money in whatever stock was available that fitted the description ‘tech stock’.
Experience and becoming a really successful investor
You can continue to learn and improve your investing skills year after year.
Investing expertise can be learned
It is only by working at what you can’t do that you turn into the expert you want to become.
Can investors improve their luck?
The courageous may take heart but, before boldness must come skill. Boldness without skill is a recipe for disaster.
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