21 best money tips ever
Some of the nation's leading business owners, investors, and thinkers share their thoughts on rebuilding your wealth.
18. Stick with what you know
Manager, FPA New Income, and Morningstar's co-bond manager of the year in 2008
Best advice I can give: Be patient. You don't have to be the first person to come into a promising investment.
Best advice I ever got: I got this from a bunch of places, including my dad and Peter Lynch: Don't invest in anything you don't understand. As an investor, stick with simple businesses and simple business models.
People really need to get back to owning 15 or 20 companies that they understand, rather than 50 stocks that they don't.
NEXT: Expand your skill set
