Why “Investing” in What You Know” Can be so Dangerous

ECONOMY: But first, let’s look at something the defensive investor must always defend against: the belief that you can pick stocks without doing any home work. In the 1980s and early 1990, one of the popular investing slogans was “buy what you know”. Peter Lynch-who from 1977 through 1990 piloted Fidelity Magellan to the best […]