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You got lucky and this would have been ill advised. Congratulations on your bet though! You should always look at how much something impacts revenues. For exa
by vmception 6y ago
You got lucky and this would have been ill advised.
Congratulations on your bet though!
You should always look at how much something impacts revenues. For example, a 5-minute look at GoPro's financials would show that the company's stock price would likely fall even if all police departments in the entire world had contracts for body cameras. So just because you like a product and can imagine that others will like a product doesn't mean it is translatable to the company's finances or common stock investors.
- isatty 6y agoNo. Putting $500 for stocks of a company that you believe in and have a good product is absolutely not called getting lucky. Putting that $500 into penny stocks is.
- kqr 6y agoUnless you have information on that company's performance that professional investors don't have access to, then yeah, it's absolutely getting lucky. It is hard to overstate how ridiculously efficient the stock market is. If you think you're getting a bargain on the stock market, it's almost certainly because you're overvaluing the company, not because the market is undervaluing it. But sometimes when you overvalue a company you get lucky.
- isatty 6y agoBig boys often optimize for a much wider set than the $500 investor.