DIY Investor: Living with your mistakes

"If you are going to invest your own money, you are going to mess up and lose some of it periodically"

If you spend too much time, as I do, reading investment commentary, you could be forgiven for concluding that none of these writers ever loses money, such is their apparent self-assurance. That’s why it made a pleasant change to read How to Make a Million Slowly by John Lee, the private investor and Liberal Democrat peer. Lee’s book is full of common sense, but what stands out is his frank dissection of the investments he has got wrong over the years. His worst mistake, he says, was to sell out of good companies too soon only to see them…

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