The original post is a very good article 👍.
——Although it is quite regrettable that the founder of Cisco, another early co-founder of Nvidia, and Buffett's third partner sold their shares very early on, which was worth several hundred million, it feels like a "broken leg" moment.
However, this is somewhat a survivor's bias.
Because if you were:
- An early shareholder of China National Petroleum, who sold at 40 yuan ten years ago, and now it has only returned to 8 yuan;
- Or if you were part of the founding team of General Motors (GM), who sold for a bonus of 300 dollars over 20 years ago, and after more than a decade of the US stock market bull run, it is now only 180 dollars;
- Or even if you held the famous cryptocurrency, known as the Ethereum killer and the mother of all chains, DOT, which you sold for 50 dollars three years ago, you could now easily buy back at a price of 5 dollars, which is 1/10 of the original price.
You could even draw a completely opposite conclusion: leaving the market early allows you to relax, but this is clearly incorrect.
Therefore, the true premise of being able to relax and win is to choose truly core value assets.
For example, Bitcoin, for example, Nvidia.
Let’s encourage each other 🫶
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