It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang onto.
In investing, it’s often too late to wait till the picture is complete. It will be obvious to everyone else by that point too. To get an edge, start coloring earlier than other people, collect more “dots” than other people, and invest when the picture is 80% filled in and you’re confident in the final outcome […]
“More money has probably been lost by investors holding a stock they really did not want until they could ‘at least come out even’ than from any other single reason.” Philip Fisher Please follow and like us:0