#6 Investing 101: Businesses To Avoid

So far, we have established that investing is best when it's about buying exceptional companies at attractive prices. Some businesses, however, can hardly be exceptional and you should avoid them.

I am going to tell you something that may surprise you:

I have made most of my money not on stocks that I thought would be big winners, but on stocks that I thought wouldn’t be losers.

Put another way: Investing is more about avoiding losers than picking the winners.

This is not a mere platitude, it’s supported by math:

You need 233% gain to make up for 70%…