This reminds me of an investment maxim that has helped me a lot over the years:
You don't make a profit on the sell price. You make a profit on the buy price.
That's something I lot of people seem to not understand about investment, it's not about how high something can go. That's random chance. It's about how deep a discount you can find on something valuable. If you can't estimate what something might be worth, you're not investing, you're making a bet on things you don't understand.
You don't make a profit on the sell price. You make a profit on the buy price.
That's something I lot of people seem to not understand about investment, it's not about how high something can go. That's random chance. It's about how deep a discount you can find on something valuable. If you can't estimate what something might be worth, you're not investing, you're making a bet on things you don't understand.