Re: What are ways in which you have failed at making money?
I’ve been in the service industry, and the construction industry, and other things in between, my whole life. I’ve made a LOT of money, but I’ve usually invested it back into the business, and in the end my worst business mistake has always been not knowing when to quit and liquidate my investment and walk away.
When things start to go downhill, I tend to apply a lot of creativity and effort and change the game so I still do well when everybody else is folding up and running.
In the end, though, sometimes your market just goes away. There have been a number of times I’ve been the last person standing in my field, but my field has gone away around me.
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