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The market is too fickle to rely on your own experience and knowledge. Remember, there's plenty of experts in the tech industry whose sole job is to trade tech
by Salgat 2y ago
The market is too fickle to rely on your own experience and knowledge. Remember, there's plenty of experts in the tech industry whose sole job is to trade tech stocks, this information is baked into the market. It's far more likely that you were lucky, rather than had some super special inside knowledge compared to others. The only (semi)reliable stock is an index.
- powerbroker 2y agoIt is possible to do well, even with insufficient information. Look at jet aircraft that are routinely landed without the ability to see the runway -- long before GPS was available. This is called flying with instrument flight rules. Everyone only has a fraction of all the information. And you have to be satisfied with big returns in which you wonder, "how much of that was luck?" And, the occasional big losers. I can say I don't have 'the formula', but I'm returning 15% for over 20 years... knowing there is a ton I don't know. Which is something you find out when you are a patent attorney, and innovations come out of nowhere while MOST 'innovations' also lead nowhere. Just. Have to be. OK. With. Not knowing.