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Hindsight is 20-20. Too many lay people (and semi-professionals) think the investing benchmark is the asset that has performed the best yesterday. Of course an
by blitzar 2y ago
Hindsight is 20-20. Too many lay people (and semi-professionals) think the investing benchmark is the asset that has performed the best yesterday.
Of course any half decent manager should have held gamestop for the two days it doubled in price, then gone short for the day it halved, then not traded it for a year till and punted some doge coin then back to gamestop the day it went up by 75%. You know, buy at the low and sell at the high - every day.
Of course, few will talk about buying NVIDIA stock at $33.00 in November 2021 (pretty sure crypto and AI were buzzy then too ... and people were paying 2x for a scalped 30XX series cards) and watching it trade to $12.00 over the following 12 months.
- Jlagreen 2y agoYou're right. I have invested in Nvidia in 2016 and rode all ups and downs. I can clearly remember the drops in 2018 and 2022. In hindsight, I should have bought more Nvidia than Micron in 2018. I thought that my position in Nvidia was large enough despite knowing it being the better the company overall. Concentration makes you rich, diversifaction makes sure you remain rich.
- rybosworld 2y ago> Of course, few will talk about buying NVIDIA stock at $33.00 in November 2021 Isn't that because the price of NVDA was not $33 in November 2021? $33 is the split adjusted price. NVDA was $300+ at that time.
- blitzar 2y agoAhh yeah of course forgot about the split - $330.00 to $120.00 then.