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I think it's simple to make great returns if you only pick products that are in high demand by consumers and are crushing their category. And preferably get in
by alexmingoia 6y ago
I think it's simple to make great returns if you only pick products that are in high demand by consumers and are crushing their category. And preferably get in as early as possible. I completely avoid investing in anything that is less than stellar. That's one of the reasons I can't stand index funds. So many stocks in a fund are obviously losers or mediocre companies/products.
I'm very patient. I don't go looking for investments. I keep money around to invest, and when an opportunity is clearly a winner I put money into it.
A year ago I think it was obvious Bitcoin, Ethereum, Handshake, Taiwan Semiconductor, Tesla, Apple were all going to be great investments.
To me, diversification means not to put everything into one basket, but not to spread it around into a bunch of mediocre or obviously bad investments.