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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (56478)12/31/2015 12:32:47 AM
From: Jurgis Bekepuris1 Recommendation

Recommended By
geoffrey Wren

  Read Replies (3) of 78749
 
People might think that I only criticize Mike. No, I don't. :)

One thing to learn from Mike's career is that the way to stand out is to have a very strong variant perception and bet very heavy on it. That's how you become very rich and very famous - unlike others on SI (and to be honest CoBF). Of course, the risk is that you might be wrong... or you might be right but you don't last until you're proven right. And then you don't become very rich and very famous... ;)

I guess the above underappreciates the foundation Mike had for his big call. If he did not have that monetary foundation, the call would have drawn much less attention and the results would have been much smaller (if noticeable at all). So I guess that's the second lesson: before you do a big dive, get on a tall jumping point.

These two together might be why Mike has been so successful. They required different skills, different attitudes, psychology and timing. Switching between the two was probably not easy either. So ultimately, there was something in that guy... ;)

OK, can we call him Magic Mike now? :P
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