The Fourth Cure — Guard Your Investments Against Loss
from The Richest Man in Babylon by George S. Clason
When you take steps to avoid falling for common investing pitfalls, you can make sure that your money is safe.
How to Apply This
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Do not lend money to people who cannot pay you back.
If you lend money to people, make sure that they have the means and ability to pay you back. -
Do not invest in fraudulent ideas.
Make sure you are investing in enterprises that will do what they say they will do. -
Seek investment advice from people who have more experience and knowledge than you.
Use their wisdom to protect yourself from unwise investments.
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