A lot of famous investors have said to buy what you know, but is that the best advice? What if you have friends telling you that "you've gotta buy this stock!" - or "I know somebody who knows somebody!". Can we trust what our experience is with a company to materialize in our trades, or should we just limit that to our investing, much less what our friends tell us.

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.

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