I will start with a quote from Oscar Wilde, “Experience is simply the name we give our mistakes.”
Why I started with this quote? In the investing world, experience always help you take better decisions. This quote very rightly says that mistakes do happen when we seek to get some experience. But in the investing world, there is always a great possibility of making mistakes, but these mistakes can cost you all your savings, your kids education, your home, your dreams and even your health. many times it becomes impossible to recover from these financial mistakes.
Experience always comes with mistakes – all type, big and small. There is no way to avoid them if you want to get better. I will tell you a way how can get all the experience but not make all the necessary mistakes. Learn from other people’s mistakes.
So to help you with that, I am, going to share with you the mistakes I have made while making my investment decisions. I hope you can learn from some of my mistakes.