Quote:
Originally Posted by Bill Bumface
There are people who have pulled in $500k at the craps table.
I'm not out there to replicate their success.
To suggest "everyone should just buy crypto and get rich, you're dumb if you don't" reminds me a lot of the Tesla craze "It's the future and you can't lose".
You can always lose, and some people will take different approaches to manage the downside potential of their investments.
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And yet we never hear what these approaches are. Horrible comparison BTW, awful.
And yes if you didn't see the value in TSLA 6 years ago (or earlier) you lost out because you didn't understand disruption and where the industry was heading. It was a no brainer on the level of Apple in 2008.
Quote:
Originally Posted by GGG
Its great you hit once but make sure you are still well diversified as now you have significantly more to lose.
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I can't diversify if I can't identify multiple companies I believe in long term. If you know of such companies please share.