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And if AMZN was one of ten you would have 20X'd. It's just an extreme example illustrating the principle. Most people don't have 99x as many losers as winne
by bryanlarsen 3y ago
And if AMZN was one of ten you would have 20X'd. It's just an extreme example illustrating the principle. Most people don't have 99x as many losers as winners, most winners aren't AMZN, and most losers don't go all the way to zero.
- twic 3y agoIf you're buying dot-coms in 1999, you absolutely have 99x as many losers as winners.
- bryanlarsen 3y agoAnd if you pick any year other than 1999, there are a lot fewer losers. I picked 1999 because it was the worst, not because it was the best.