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by namaria
856 days ago
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This reminds me of an investment maxim that has helped me a lot over the years: You don't make a profit on the sell price. You make a profit on the buy price. That's something I lot of people seem to not understand about investment, it's not about how high something can go. That's random chance. It's about how deep a discount you can find on something valuable. If you can't estimate what something might be worth, you're not investing, you're making a bet on things you don't understand. |
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