We are all caught up now...

Carel Nolte of Easy Equities and myself, Graeme Codrington, continue our conversations about the future of investing - and wine - by talking about what can go wrong.

We touch on the problems of unrealistic returns, overblown promises, day trading, lack of research (and what "research means" to the average investor), and staying the course as an investor. We discuss whether we agree with Warren Buffett's investment advice about making sure you don't pick losers rather than trying to pick winners, and what to do when we really want to panic about the markets and losing money.

In the end, it comes down to having a plan, being consistent and believing in yourself. And knowing when to call it quits - like we had to do with our corked wine.