DYOR, or "Do Your Own Research," is a simple yet powerful principle in investing. It urges individuals to take responsibility for their investment decisions by conducting thorough research independently. Instead of relying solely on others' opinions or recommendations, DYOR encourages investors to analyze relevant information, understand the market dynamics, and evaluate risks. By doing so, investors can make informed choices based on their own understanding, reducing the reliance on external influences and potentially increasing the chances of successful outcomes. DYOR empowers individuals to take control of their investments and make decisions aligned with their own goals and risk tolerance.
