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Okay. Well for the future then: When you see someone being successful at any trend, piggyback on them. The lets you piggyback their research and hard work, but
by spitfire 16y ago
Okay. Well for the future then: When you see someone being successful at any trend, piggyback on them. The lets you piggyback their research and hard work, but participate in the upside. If Anna Wintour says leggings are in, they're in. If Warren Buffett starts buying up aerogel companies - get in! If PG anoints some dotcoms, drop some pocket change on them all.
NB: This is regardless of whether you agree with the trend or not. I think leggings are hideous, but I won't argue with Anna Wintour. This is purely business, personal feelings have no place here. If someone is throwing out information asymmetrically (They're talking, you're not) take it.
- ericd 16y agoYeah, not bad advice for investing, especially if the bandwagon effect is strong there. Just don't be the last one in.