dex
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 28, 2003
- Messages
- 5,105
It definitely seems to me that the largest amount of money is lost by winners with absolutely no business experience starting businesses. They have profiled winners starting up hotels, restaurants, auto dealerships, record labels, and manufacturing business. Given the amount that is lost by experienced people starting businesses, it is no surprise the less experienced do even worse.
I think there are many people who make one great mistake - they make money in one field and think they know something in an unrelated field that they can make money.
To a degree we all do in on this board - most have made money by working and LBYM. Yet, after we retire we think we can make money by investing in stocks and bonds to meet our need and in the face of economic challenges over 30 years and more.