…ten or read the conference call every quarter, you’ll learn a lot about what makes companies great. In fact, it becomes such an enjoyable hobby you’ll invest more and spend less. I can’t imagine anyone caring that much about an index fund.
Hi Vlae, that is an interesting way to look at it, as a hobby. He problem with many Stock pickers is that they use money that should fund their retirement on a risky hobby.
Glad it’s worked out for you. Your example highlights an important truth. You can have a good outcome from a bad decision. Investing in individual shocks introduces unpriced risk and is not a good decision. You can still have a good outcome (as you did). A good outcome does not imply a good decision.
Thanks for sharing!