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For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.
In contrast to all that, many investors prefer to focus on...
>>> Read more: Do Alkane Resources' (ASX:ALK) Earnings Warrant Your Attention?
In contrast to all that, many investors prefer to focus on...
>>> Read more: Do Alkane Resources' (ASX:ALK) Earnings Warrant Your Attention?
