4 ms·
"Solid investment strategy" implies one could make money applying this idea consistently. There's a hundred new "next big thing" ideas every year - most of them
by wavemode 3y ago
"Solid investment strategy" implies one could make money applying this idea consistently. There's a hundred new "next big thing" ideas every year - most of them amount to nothing.
- Lalabadie 3y agoMy first impression about this is that your examples lean a lot on survivor bias. However, with deep enough pockets, you can indeed invest in a thousand hyped things, avoid the worst ones, and see if one or two of these sucker magnets is a moonshot. And suddenly we're describing traditional venture capitalism. To get rich, you just need to start by being rich!