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  • By Financial Pipeline Staff

FP Experts: John Carswell on Investor Mistakes

John Carswell, founder of Canso Investment Counsel Ltd., spoke to us about a common mistake made by smaller investors that benefits larger early-stage investors.
  • August 17, 2023
  • 1 min Read

What’s one mistake you wish investors would stop making?

When you look at something that is no lose, the first people usually get rich because you’re buying it from me, and I made a lotta money on it, and you think you’re gonna get upside. At the top, there’s very few trades, and it’s usually the very smart people selling to the people who don’t know what they’re doing. So there’s a recent study, someone looked at crypto, the whales, the people who own a lot of coins or crypto, were selling to the really small investors at the top, and who was getting stuck? The really small investor.