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You can play it safe (i.e. "getting rich slowly", like you have been) or you can take more calculated risks. Higher risk, higher upside, but perhaps the upside
by charlesdm 8y ago
You can play it safe (i.e. "getting rich slowly", like you have been) or you can take more calculated risks.
Higher risk, higher upside, but perhaps the upside is disproportionately higher than the downside or the additional risk you are taking on, so you could be willing to invest in said company / asset / etc.
As a counterexample, I've done great on individual stocks when I really understood the company well. You generally get 2 to 3 good investment ideas per year, so you could go overweight into those ideas.
Stan Druckenmiller (who is an interesting person in itself with unconventional views) uses a similar strategy: https://www.youtube.com/watch?v=c6LgojkA6bo https://www.youtube.com/watch?v=c6LgojkA6bo