In my last article, Boring Investment Tips that Work, I provided ideas that will help you make money investing. This time I turn to gambling and a valuable lesson which also relates to investing.

Ever wonder why so many smart, successful business people and professionals get scammed by the likes of Bernie Madoff, Kenneth Lay and Jeffrey Skilling (Enron), Bernard Ebbers (WorldCom) and the most recent Sam Bankman-Fried (Crypto currency)? In this article I will cover several sound investment ideas which you may already know and yet, countless investors lose significant amounts of money because they do not follow one or more of them.