Inspired by Abe Lincoln's succinct delivery, I'm going to publish more short form thoughts from the "ugly first draft" files with the goal of sparking some ideas for you to think about
"My view is investors should do what they understand to be the best way to grow their capital; not the method that fits most neatly into a rigid, pre-defined set of principles."
I absolutely agree with this sentence, but with one very large caveat. Many investors think they understand the best way, but in reality have no idea what they're doing. Social media has only amplified this problem, especially for those wedded to one particular stock. Certainly TSLA comes to mind given its fervent followers. If you can't comprehend the significant roadblocks to a future $30 trillion valuation (a number routinely endorsed), then you're playing in the wrong sandbox.
I find myself occasionally reflecting on various portions of Buffett's November 1999 Fortune article. A favorite paragraph discusses market psychology once a bull market gets going. It finishes with "Through this daily reinforcement, they become convinced that there is a God and that He wants them to get rich". I sense that concept stands firm 25 years later.
"My view is investors should do what they understand to be the best way to grow their capital; not the method that fits most neatly into a rigid, pre-defined set of principles."
I absolutely agree with this sentence, but with one very large caveat. Many investors think they understand the best way, but in reality have no idea what they're doing. Social media has only amplified this problem, especially for those wedded to one particular stock. Certainly TSLA comes to mind given its fervent followers. If you can't comprehend the significant roadblocks to a future $30 trillion valuation (a number routinely endorsed), then you're playing in the wrong sandbox.
I find myself occasionally reflecting on various portions of Buffett's November 1999 Fortune article. A favorite paragraph discusses market psychology once a bull market gets going. It finishes with "Through this daily reinforcement, they become convinced that there is a God and that He wants them to get rich". I sense that concept stands firm 25 years later.