Investing Tip #125: Buying Companies You Don’t Understand is Gambling, not Investing
September 02, 2014 at 03:05 AM EDT
If you want to be a successful investor, study and develop an understanding of a company’s position in the industry, its products, its economic moat, and its valuation. Investing is gambling if you’re not taking the time to educate yourself. If you’re not willing to research a potential investment then stick to what you know. [...] The post Investing Tip #125: Buying Companies You Don’t Understand is Gambling, not Investing appeared first on The College Investor .