Book of Wise Investors

“You want to learn from experience, but you want to learn from other people’s experience when you can.”

Which is wiser?

Screw up everything and then learn from own mistakes or observe both the failure and success stories of business and investments of others and learn from their mistakes.

While experience is a better teacher than books and professors with first class honors, it can get very expensive if you are only learning from own mistakes.

If you learn that people get burnt when buy shares during a bubble period, you don’t do the same thing yourself so as to learn the same lesson from own experience.

Business schools here, there and everywhere only study success stories of businesses around the world. But in real life outside academic environments, one need to learn not to do what, in addition to what is essential for success in business, investing as well as in life.

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