It’s Important to Determine the Type of Investor You Are Try Sticking to What You Do Well

Consider Stepping Out of Your Areas of Competence

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Stepping outside your areas of competence is often a seductive siren song, but we’ve learned from experience not to listen anymore. Without the confidence that comes from experience and the ability to recognize patterns, the risk is higher that you’ll overpay or sell too soon in a panic.
Source: http://www.valueinvestorinsight.com/