Big Mistakes - Everyone makes them even great investors

 

You think the best investors are perfect? You are wrong. Everyone makes mistakes. The question is whether you can learn and survive. Michael Batnick wrote a short book called Big Mistakes: The Best Investors and Their Worst Investments. that selects some of big bloopers from well-known investors. It is a quick read and tells us even the great will make mistakes, yet they are able to survive because they learn. Mistakes often occur when they stray from their decision framework and move outside their zone of competency. Know your limitations and control your risk so as not to be knock out of game.