- Focus on your core competency – (hint: it usually isn’t investment banking)
- Leverage kills. Again, and again and again. Don’t we EVER learn?
- Speculation: if you play, you better know when to leave the casino. Preferably before you lose your shirt.
- It can happen to you
- Managers: Focusing solely on the numbers can kill you. Investors: 14% returns should ALWAYS make you suspect.