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My favorite perspective on investment is you should only invest in things that are low risk, high reward. The good investments are invisible to the masses. A gr
by muzani 4y ago
My favorite perspective on investment is you should only invest in things that are low risk, high reward. The good investments are invisible to the masses. A great investor has an unfair knowledge advantage. Anyone who views themselves as great investors think they have that knowledge advantage; same goes for gambling.
- 2rsf 4y ago> low risk, high reward I know about a few somewhat lower risk and somewhat higher reward options, but nothing which is significantly more or am I missing it?
- muzani 4y agoYeah, I do mean lower risk and higher rewards. Generally pepple think it's like buying Pfizer before they release a vaccine, but it's too late by then. Something like buying Nvidia during the crypto/AI boom, or OpenAI after they released GPT-2. Y Combinator plays on the very high risk tables, but they get in early enough to also reap very high rewards for a relatively low investment. And they've specialized enough in it to lower the risks. Berkshire Hathaway does the exact opposite, they specialize in finding ways to get the risks so low that the lower returns don't matter so much.