Invest in what you know and understand from "summary" of John Bogle on Investing by John C. Bogle
The concept of investing in what you know and understand is a fundamental principle that every investor should abide by. It may seem simple, but it is often overlooked in the fast-paced world of investing. When you invest in companies or industries that you are familiar with, you are better equipped to assess their potential for success. You have a deeper understanding of their business models, competitive advantages, and risks. This knowledge allows you to make more informed investment decisions. By focusing on what you know and understand, you can avoid investing in companies or industries that you are not f...
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