By guest contributor Gerald Tay

Warren Buffet once quoted, “Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway”. Investors who are able to understand the real meaning of this simple quote would stop any investing activities immediately and start to acquire real knowledge and wisdom to become a successful investor. Investment wisdom is not only about acquiring knowledge to make successful investment decisions, but is also about avoiding severe investment mistakes. Buffett’s quote is indirectly pointing fingers to the foolish investors who are ignorant about what they are doing.

Let me ask you the following questions: Do you have any history of losses from property investing? Does your property investment only yield ‘average’ returns for you? Have you studied the common investment mistakes investors regularly commit while investing?

If your answer is ‘no’ to any ...