22d (edited) • Develop a High income skill
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We buy the same asset
Just at different prices
The way the investor world goes
The three stages of a investment
Find the good asset when it’s cheap
First person to buy the asset is the genius/ the innovator
Second is the imitator (regular professional investors)
Then it goes up up up
Everyone else who sees it’s going up will jump on it to get in on that rise.
Then the fool
the last person usually us, we buy it at the highest price. (But if we hold it, and it’s a good company it will usually go up again over the next twenty years agin)
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