"Understand it before you invest" is good advice, but how do you check your understanding? Quick thoughts: ● Explain what it is, the problem it solves & how it creates more value than alternatives ● Describe at least 2-3 scenarios where it might not make sense to invest & why https://twitter.com/sknthla/status/982986515960745984 …
Agree, which is why it's difficult to assess one's own level of understanding & quite useful to develop heuristics for pushing oneself closer to the optimal end of the spectrum. Time/effort expended on evaluation should be roughly proportional to size/personal risk of investment