"Smart Money Lessons: Avoiding Stupid Investments from a Shark Tank Billionaire"

John Paul DeJoria, billionaire entrepreneur and investor, shares his investing wisdom and lessons learned from his journey to success. He emphasizes the importance of investing in oneself and diversifying investments across various assets, such as stocks, real estate, and precious metals. DeJoria advises investors to have a financial safety net and to never over-mortgage. He also highlights the significance of due diligence and caution when making investment decisions. DeJoria recommends investing in companies with staying power and a focus on long-term sustainability. He shares his personal triumph with John Paul Mitchell Systems and his biggest disappointment with a telephone reselling business. DeJoria admires Warren Buffett and stresses the importance of investing in ideas and companies that have a positive impact on people and the planet. He advises investors to take a slow and cautious approach, investing less than they can afford and never putting more than 10-20% into any investment.