“My mistake was to project my skill beyond the limits of experience. I began investing outside the I began investing outside of the industries which I believe I thoroughly understood, in completely different spheres of activity; situations where I did not have comparable background knowledge.”

“My mistake was to project my skill beyond the limits of experience. I began investing outside the I began investing outside of the industries which I believe I thoroughly understood, in completely different spheres of activity; situations where I did not have comparable background knowledge.”

— Philip Arthur Fisher