Knowingly or unknowingly, all of us are investing in something. We may not be investing in our business, we may not be investing in the share market, but we buy property, we save money in banks, we buy gold and these are all investments. Investment means putting money into something that will give us profits.
“To err is human” is not just a proverb, it has a lot of truth. We human beings are prone to make mistakes, and we make a lot of investing mistakes.
You wouldn’t expect to make investing mistake from someone who has said...
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for ten years.”
However, Warren Buffett has also made a couple of investing mistakes. For example, in 2017, he admitted that he made a great mistake by not investing in Amazon or Google.