A quote from well-known hedge fund manager Joel Greenblatt:
My largest position isn't the one I think will make me the most money. My largest position is the one I believe I won't lose money on.
A quote from well-known hedge fund manager Joel Greenblatt:
My largest position isn't the one I think will make me the most money. My largest position is the one I believe I won't lose money on.
In other words, are you something that must necessarily exist?
Those who know what to prepare for are busy every day. Bystanders who don't understand can't grasp it, because to them there's nothing to do.
They don't see why this person is busy with all this—making baskets at home, one after another. You look at it and think, with so many baskets, what on earth are they going to fill them with?
Then, after a while, gold coins rain from the sky. The person has laid out all those baskets and catches them all.
There's only one way the market can prove you're good at something: by paying you.
Actually, once you’ve identified something worth pursuing, persistence is key—especially when you’ve already found a viable business model that generates revenue. That’s a clear sign you’re on the right track, so you should ride the momentum and keep going. Giving up at that point would be a mistake.