- ๐๐ค๐ช๐จ๐ ๐๐ฌ๐ฃ๐๐ง๐จ๐๐๐ฅ ๐พ๐ค๐จ๐ฉ๐จ: Inherited and bought a house, but unexpected renovation and furnishing costs taught me the importance of being financially prepared for large expenses. A reminder to keep an emergency fund or stay liquid for unforeseen costs.
- ๐๐ฅ๐ฉ๐๐ค๐ฃ๐จ ๐๐ง๐๐๐๐ฃ๐ ๐๐๐ฉ๐๐๐ก๐ก๐จ: Experimented with long-term options but faced significant losses. This experience reinforced that while options can be powerful, they're complex and risky, and not necessary for successful investing.
- ๐๐๐ ๐๐๐๐ ๐พ๐ค๐จ๐ฉ ๐ค๐ ๐๐ค๐ก๐๐๐ฃ๐ ๐พ๐๐จ๐: Keeping a large portion of my portfolio in cash diluted my returns in a rising market. It's a stark lesson in the opportunity cost of not staying fully invested and the importance of timely market participation.
- ๐๐ซ๐๐ง๐ซ๐๐ก๐ช๐๐ ๐๐ฉ๐ค๐๐ ๐จ & ๐ฟ๐๐ซ๐๐๐๐ฃ๐ ๐๐ง๐๐ฅ๐จ: My investment in Icahn Enterprises $IEP , lured by high dividends, turned sour as it was overvalued with no margin of safety. A crucial lesson in not compromising on fundamental value for attractive dividends.
- ๐๐๐๐'๐จ ๐ฟ๐ค๐ฌ๐ฃ๐๐๐ก๐ก & ๐ฉ๐๐ ๐๐ข๐ฅ๐ค๐ง๐ฉ๐๐ฃ๐๐ ๐ค๐ ๐พ๐๐ง๐ฉ๐๐๐ฃ๐ฉ๐ฎ: UNFI $UNFI was a significant loss due to its vulnerability to macroeconomic changes and low margins. It highlighted the need for certainty in a company's future cash flows and the risks of investing in companies with thin margins.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐::
- ๐๐ข๐๐ง๐๐๐ฃ๐๐ฎ ๐๐ง๐๐ฅ๐๐ง๐๐๐ฃ๐๐จ๐จ: Always have a plan for unexpected expenses, especially when making large investments like property.
- ๐๐ฃ๐๐๐ง๐จ๐ฉ๐๐ฃ๐๐๐ฃ๐ ๐๐ฃ๐จ๐ฉ๐ง๐ช๐ข๐๐ฃ๐ฉ๐จ: Deeply understand any investment instrument, like options, before diving in. They're not essential for everyone.
- ๐๐ฉ๐๐ฎ ๐๐ฃ๐ซ๐๐จ๐ฉ๐๐ ๐๐๐จ๐๐ก๐ฎ: Time in the market is often more beneficial than timing the market. Don't let cash drag down your potential returns.
- ๐๐๐ก๐ช๐ & ๐๐๐๐๐ฉ๐ฎ ๐๐๐ง๐จ๐ฉ: Always prioritize fundamental value and a margin of safety in investments, especially when tempted by high dividends.
- ๐พ๐๐ง๐ฉ๐๐๐ฃ๐ฉ๐ฎ & ๐๐๐จ๐๐๐ง๐๐: Ensure you have a high degree of certainty about a company's future prospects and understand how external factors might impact its performance
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