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Yes, there are. I won't say it's easy, but it's possible to outperform the market without relying on the element of luck over a long term. Often, you don't hear
by shubhamjain 3y ago
Yes, there are. I won't say it's easy, but it's possible to outperform the market without relying on the element of luck over a long term. Often, you don't hear about these folks because they are succeeding at a much smaller scale.
The reason is simple. The market, even rational as it is, gives you chances to make a great deal of money. META was $89 only a few months back. APPL was once trading at P/E of 10. TSLA is now 2.5x from its recent bottom. Of course, the boat has sailed now. Now, you can say investors who made money here were just lucky, or you can see how they ignored the temporary negative sentiment and invested in a company with solid fundamentals.
It's a myth that you can't beat the market. If you know how to seize an opportunity, you perfectly can. My investment philosophy is to keep investing in ETFs, but also keep an eye on bargains.
- drumhead 3y agoIts having the courage to act on your convictions. Meta was on a P/e of 13 earning billions of dollars in profit and generating huge amounts of cash flow, but it had effectively gone ex growth and it's metaverse investment was a dud. I bought because it looked like great value, but once it's repriced to take that into account where's the growth story?
- lostlogin 3y ago> where's the growth story? They are not Twitter and are doing Twitter-like things with Threads. It’s going to be interesting to watch, particularly as someone with no money on either and a dislike of both.