5 Great Investors’ Worst Mistakes (And What They Teach Us)

The next time you beat yourself up over a bad stock pick, take some solace in the knowledge that you’re not alone. Even the world’s most successful investors, including Warren Buffett, have blundered on occasion.

Although mistakes are inevitable, they don’t have to torpedo your portfolio. Taking losses on a bad investment, rather than sticking with it in hopes of a rebound, can sometimes be the best way to get your returns back on track. Take it from the pros: Many have compounded their losses by continuing to own a stock in the face of mounting evidence that the business faced steep, if not insurmountable, odds of recovering.

Here are some of the biggest blunders made by five top fund managers and investing stars. What you can learn from their mishaps can help you avoid similar pitfalls and improve your portfolio’s performance.

Data is as of May 16, 2017, unless otherwise indicated. Click on symbol links in each slide for current share prices and more.

SEE ALSO: 7 Biggest Mistakes Investors Make

from Kiplinger’s Personal Finance http://bit.ly/2qS1hPy
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