In investing, it pays to follow the old adage from Warren Buffett: never put your money in anything you don’t understand—especially if no one can explain it. We’ve seen the consequences of ignoring that advice play out with a mutual fund called the Infinity Q Diversified Alpha Fund (IQDAX) . If you’re not familiar with the story, IQDAX investors were sideswiped when an independent analysis of the fund showed it had lost $500 million. Losses are part of the game in investing, of course, and the fact that the fund was worth $1.7 billion means it won’t go to zero because of this situation.… Read more