MISTAKES

I've made a lot of mistakes in my career. I own them all. The key is not making the same mistake twice.

I lost $35,000 to a Ponzi scheme. It was the worst and best thing that ever happened to my finances.

My biggest mistakes have all come from shorting great companies that I thought were overvalued.

I shorted Netflix and it taught me that being smart about valuation doesn't mean you're right about the stock.

I lost my home in 2008 while working as a financial planner. Knowing the right thing and doing the right thing are very different.