2. POOR INVESTMENT DECISIONS
HOW TO MAKE A SMALL FORTUNE? START WITH A LARGE ONE
What I learned:
• Don’t get caught up in the hype of the press
• Do your own research
• When it is too easy to make money then beware, the end may be near
• Overconfidence is a huge flaw – you are not that smart
• Always have an exit strategy
3. HOW NOT TO REPEAT THE MISTAKE
• Write down everything and track everything
• Always have a written exit plan for each investment
• Do not rely on analysis of others – always do your own work
• Set realistic goals and stick to them
• Seek out value not fads
• Pay attention to technical analysis – buy when the signals are good and sell
when the technical break down