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> You could likely predict AWS meteoric rise as a sysadmin in 2010 this and Intel you mentioned are pretty unique and rare insights, maybe like a one-off windf
by twelve40 3y ago
> You could likely predict AWS meteoric rise as a sysadmin in 2010
this and Intel you mentioned are pretty unique and rare insights, maybe like a one-off windfall, not a consistent way to make money. I've been in tech for decades now and I'm still having a hard time reliably telling who will flop and who won't. Only in a very few cases it's so convincing to me that I would be willing to bet money on it.
- epolanski 3y ago> a consistent way to make money Who said it was? As per my last sentence my conclusion was that you only need to be right few times over your life time to buy a very good company that is mispriced for whatever reason and that retail investors hold often deep understandings of key industries that professional analysts don't. If you're willing to do due diligence (and learn to do so which is far from trivial) and act you can definitely see good long term returns on a good number of picks. Point is, stock markets only beat bonds in the long term, if you are in the stock market to do + some % in a short time it's gambling.