"By three methods may we learn wisdom. First, by reflection, which is noblest; Second, by imitation, which is easiest; and third, by experience, which is the most bitter" 
~ Confucius

All investors are hard-wired with human emotions. When we experience failure in our investments, usually it's self-inflicted, which makes dealing with it objectively a daunting task. One of the best ways of speeding up our learning process is to examine and understand the blunders committed by others. This way, we increase our probability of avoiding similar setbacks. Fro example, one of my golden rules is to avoid S-Chips. After witnessing countless scandals/frauds associated with S-Chips over the past decade, they simply not worth the risks in my opinion. The latest corporate drama surrounding Best World reinforced this golden rule. There are two ways you can learn from others' experiences.Strive to replicate success. Kobe Bryant studied Michael Jordan. Paul Tudor Jones studied Jesse Livermore....