As I have said in the past. In these newsletters I share with you what 20 years of equity investment have taught me – sometimes at considerable cost.
I this issue I am going to tell you about an investment mistake I made. One from which you can learn a valuable lesson and prevent you from losing money the way I did.
I was going to tell you about two disastrous investments but will leave it at one today as the other is a longer story with larger losses.
I can only stand so much embarrassment at a time.
The lesson is about my investment in a small UK retailer of upholstered furniture, called SCS Upholstery (“SCS”).