The good thing about investing is you can learn from your mistakes. The bad thing about investing is those mistakes can be especially painful.

As I look back on my investing moves over the past few years, I can't help but return to one I wish I could take back: my investments in (NASDAQ: PTON). This isn't to say I wouldn't invest in Peloton at all (although it's easy to make that argument now with the stock down 97% from its peak), but my approach would've been a lot more disciplined.

I made my first investment in Peloton in early 2020, anticipating the surge in demand it may experience with COVID-19 causing lockdowns worldwide. It was a simple decision in my mind: Closed gyms would force people to rely on at-home fitness equipment. To my credit, that's exactly what happened.

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Source Fool.com