People keep asking, “I heard about this bitcoin thing, should I invest in bitcoin mining?” I discuss why that’s a terrible idea, and give some basic but very important rules to follow when picking any investment. These rules have helped me become a millionaire, and have cost me dearly whenever I ignored them.
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I do not totally agree. It is better to know than don’t but a lot of people invest without having a clue. That’s why we need financial advisers
You’re still gambling, and trusting your money to someone who may not be that good at it anyway. Note that almost all of these financial advisors aren’t actually wealthy from investments themselves. They’re just employees, paid to pitch whatever their company bosses tell them to.
As Warren Buffett said, “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”