Originally Posted by
mispoken
I think investing other peoples money is where it goes from “fun”, to “not fun”. Truth is, it’s not as hard as “Wall Street” wants us to believe. I’m no genius, I just followed The Motley Fool religiously, bought great companies and rarely sold anything. A handful of these great companies will provide outsized returns (1000-2000%) and voila, market beating performance! The hard part is sitting on your hands and not “taking profits”.
It’s working for me; but as is it’s so frequently pointed out here, got to find what works for you!
This times a million. Famed value investor Joel Greenblatt stated this. He says he had to screen who his clients were as most people want to question his performance every week rather than look long term. And he averaged 50% annual returns for 10 years. Imagine the compounding on that!
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