Hello and welcome to this month's edition of Investment
Insights.
This month, we feature an article over at Fool.com titled
"
How to Ruin Your Life", a somewhat uninspiring title but
nevertheless a great piece about learning lessons from those who
have made mistakes. Written by Morgan Housel, he points out that it
is easier and more common to be stupid than smart with your money
and if you want to get better with money, you should spend more
time studying people who have failed rather than those who have
succeeded. Whilst all of the items discussed are important, the
most telling is in the opening paragraphs. Here he quotes Warren
Buffet speaking after a group of Hedge Fund Managers lost
everything, "To make money they didn't have and didn't
need, they risked what they did have and did need," he said.
"And that's foolish. It is just plain foolish. If you risk
something that is important to you for something that is
unimportant to you, it just does not make any
