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by inter_netuser
1594 days ago
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and all of your investments did worse than Amazon or Tesla, that haven't been particularly profitable. Amazon hasn't been profitable on paper for decades. Tesla took until 2021 to make a profit. You'd underperform terribly if you were to wait until they make a profit, as markets are forward looking and you are paying attention to trailing indicators. Profits today for an organization size of Amazon is execution of a plan put in place 5 years ago. If you are about to dive into value investing: Berkshire made most of their money from Apple, which was a side bet made by a hired portfolio manager, not Buffett himself. |
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