Wayne Gretzky once that that you have to run where the puck is going, not where it is right now.
I've heard this many times. From you. I think from Buffett.
Let me be controversial: people who "run where the puck is going" are not on this thread. They made their billions long time (or in case of Mike Burry, short time) ago and now are drinking cocktails in Bahamas. Or at least I hope they do - some of them are still living in the same old house in Omaha, Nebraska and going to the same crappy joints. ;)
Now, some people here don't give a damn about puck and still do OK or well. I am not dissing them. I am dissing the guys who think that they are following the puck or think about following the puck. It's not as easy as Wayne's one-liner. If one of you is successful, send me photo from Bahamas (or from that house in Omaha, Nebraska :P ). But until you do, let me doubt your skillz in pucks. :)
Seriously, some people here might think that they know where the puck is going, but they only look at small (cheap) pucks. Or they try to follow twenty pucks. Or they jump from one puck to another. Or something.
Sure, I agree, NOK is crap, RIMM is crap. And I am totally sure that Apple in 2002 was crap too. A fricking ultimate value stock that just needed some TLC and puck following. How many from here made more than a US$1 million on Apple? Those might have followed the puck. Everyone else is not Wayne Gretzky but a fricking poser. Including me. ;) |
