I have a matrix that is its own inverse, $A=A^{-1}$. I want to calculate the inverse of $(A+A^{-1})$, for which I would like to use the following chain of equalities: $$(A+A^{-1})^{-1}=(2A)^{-1}=2A^{-1}=2A$$
It doesn't seem to work though, why is that? I can't find anything related among the arithmetic rules in our course literature.