No one likes making mistakes. If there’s one aspect of life that we loathe, it’s to admit that something went wrong. When it comes to investing, humans are also not infallible. We will, of course, try our best to avoid errors, but it’s a fact that investing involves probabilities and not certainties. I would go as far as to say that investing is neither black nor white, but is often coloured in shades of grey. The uncertainty inherent in investment decisions means that both novice and veteran investors will fall prey to mistakes. Even experienced investors are not immune from these seemingly obvious errors at times. These mistakes could be due to a lack of understanding of the business, poor emotional control or false beliefs that persist due to ego. In any case, you need to recognise that it’s much better to learn from others’ mistakes than it is to make your own....