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Likes ReceivedThis is actually like how the most stable stocks are clearly those in the main upward trend
But people just love to play with tech stocks that are up 6% after being down 20%, and even feel smug about it.
Then let me give an example in reverse, which is also a cliché:
2007 was the first year of the mobile internet, the iPhone was born, and everyone predicted that the future would be the era of mobile internet. Especially after 2011 when Jobs passed away, the outcome suddenly seemed full of suspense, everyone was eager to try, saying that Cook had lost Apple's soul and lacked the ability for disruptive innovation.
If you knew nothing but believed that mobile internet was the future, would you jump in and invest in HTC, Microsoft, and Nokia?
But Berkshire Hathaway only started gradually building and increasing its position in Apple in 2016, and that didn't stop Buffett from making money. In contrast, a lot of capital had already sold off their Apple holdings between 2011 and 2014.
Sometimes we shouldn't just think about what to bet on, and how to profit if we bet right. Can we also think: can I make money without betting?
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