The worst sector for investors

“How to become a millionaire? Make a billion dollars and buy an airline” – Richard Branson (founder: Virgin Airlines) I am not a fan of the sweeping generalization. Be it about gender “Women are not good at math”, profession “Engineers are left-brained and analytical”, geography “People from xyz are hard-working” or sport “South Africa are chokers”. To me, it represents lazy and (usually incorrect) simplification of a complex world, often done because it’s too much hard work to assess each experience. Investing has its fair share of so-called truisms. “Real Estate gives great returns”, “Gold is a sure hedge against inflation”, “Small caps outperform Large caps” and so

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