38. Invest only in industries you know about
Warren Buffet, one of the most successful investors of all time, doesn’t invest in technology because he doesn’t understand it. Instead, he invests much of his money on things he knows about – banking and insurance.
Lots of people could learn from him since so many tend to invest in things they don’t really understand. As a result, their investments end up in failure and cost them not only thousands of dollars but sometimes entire relationships.
Remember, no one else cares about your success more than you do, and if you want to invest well, invest in things that you can confidently make informed decisions on.