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Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

Individual investors beware: If you're constantly worried about a crash, you're probably making some big mistakes - and losing a lot of money in the process.

What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the wrong reasons.

Hundreds of investors ask me questions each year about the dilemmas they confront. Their worst problem? Uncertainty. They are traumatized and become emotional or confused to the state of inaction. Even worse, they try to solve a short-term problem in a way that hurts them financially in the long run.

One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.

One of the biggest mistakes entrepreneurs make is not understanding the relationship they have with their investors. At times, they confuse VCs with their friends.

I take ownership of every mistake I've ever made.

I've made mistakes in business, but none so big I couldn't recover and learn from them. The more you try to change consumer behaviour, the riskier it gets. You have to work out your potential losses against the obvious gains.

In every business I had ever started, even ones that had totally failed, I had kept good relations with the investors.