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Who says to invest in companies who's products you use? That does not seem like great advice. You should invest in companies who are undervalued by the market i
by zackbloom 7y ago
Who says to invest in companies who's products you use? That does not seem like great advice. You should invest in companies who are undervalued by the market in your opinion, not just because you like the product but because you think they have a good business around it.
- triangleman 7y agoI think Peter Lynch said that.
- smallbigfish 7y agoFirst rule is: invest in something you understand.
- baby 7y agoUber is definitely undervalued on HN. They have so much more markets to enter.
- AnimalMuppet 7y agoIf your business loses money on each transaction, entering more markets isn't going to save you...
- baby 7y agoThey are expanding agressively, that adds to the cost, they could also increase prices. I'm not worried at all.
- stevenwoo 7y agoI believe it's a paraphrasing of Warren Buffett's "invest in what you know". https://abcnews.go.com/Business/wireStory/latest-berkshire-hathaway-investors-worry-future-62823835 https://abcnews.go.com/Business/wireStory/latest-berkshire-h...
- whycombinater 7y agoYou are correct if your goal is to maximize the amount of money you have.