“Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” – Otto von Bismarck This short book started when I asked a few friends what their worst investment was. What I did not expect was that each of them had such a vivid story to tell. Heck, even my 79-year-old mom responded with a very specific story. The truth is that in the world of finance we are always talking about our winners, about the story of our returns. But, we so rarely talk about failures. This is a book about investing failures. You may relate to one of these stories, or have lived one of them, but most importantly, I want you to learn from them.