RPH2005 dropping knowledge! I would simply add this... I listened to this ebook years ago from Warren Buffets daughter-in-law? Point is the big takeaway was this - Only invest in companies that you clearly understand how they generate revenue. Those are the stocks you invest in for the long haul. Don't make it a difficult question... It's easy. For example, I know what Nike does and I swear I see A Nike swoosh every single day of my life. You know what, I invested in Nike! On the flip side I don't know energy... I saw some fancy article on this energy company and I bit... I lost my ass. While being simple I think this logic holds true. The smart guys can make a ton of bread... Me I'm just a dude trying to make at least 15% annually on my money.
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