When Mark Minervini won the US Trading Championships, some attributed his victory to luck. As the years went by and he kept winning the narrative changed. Then he decided to enter the competition again, and naysayers told him not to risk his reputation. He went on to win once again, out-trading every other competitor and coming top of the podium in the $1 million+ category.
» Read more about: #1 Most Important Rule That Made Millions »
George Soros had an old rule: invest first, investigate later. When a great opportunity seemed ripe for the picking, he would buy it, and figure out later if he was right.
It’s actually the opposite of what most funds do, which is to spend many months researching and dotting all their “i”s and crossing all their “t”s before patiently waiting for the price to get to the level they think is right.
» Read more about: Billionaire Builds Big Stake In Under-the-Radar ETF »
History may not repeat but it sure does rhyme and right now there are echoes of pandemic era euphoria. Roaring Kitty’s first tweet in 3 years led to Gamestop share price soaring. And now the public is giddy to know where the trader who turned tens of thousands into tens of millions is turning his attention next.
When Facebook first grew to prominence, a lot was made of how much attention per day Mark Zuckerberg’s company captured among users. It was common to see the average daily usage was close to a full hour per day per person.
Over time the scale of Facebook’s base proved astonishing. A full 1 billion users tapped into Facebook,
Speculation has been rife for some time about why Berkshire Hathaway requested special exemption from disclosure of a holding that most likely it has been building a position in.
Buffett knows as well as anyone that his holdings are carefully observed and many followers plough into them with abandon when revealed.
He also has admitted that so few purchases will move the needle for Berkshire now that it’s like trying to find a needle in a haystack.
» Read more about: Buffett’s Mystery Holding Unveiled: How To Play It »
If you’ve been around the investing block a few times you know the old jokes about stocks falling the second you buy them. Peter Lynch, the legendary investor who averaged a 29.2% return from 1977 to 1990 doesn’t shy from plunging stocks like most others, though. Instead he embraces it and calls corrections for what they truly are.
» Read more about: Priceless Advice From Legendary Investor »
Five years ago when I last visited Saudi Arabia, the kingdom closely resembled the image many westerners might imagine.
First, it was challenging just to figure out how to get a visa. The answer lay in a dark room in a difficult-to-access New York building. Upon arrival, there was no such thing as socializing with women.
Apple fell in line with the rest of the tech titans during its most recent quarterly release when CEO Tim Cook announced that Apple plans to integrate artificial intelligence into its suite of products and services.
That news alone sparked a $10+ per share rally after hours, largely eroding the 15% decline in share price during the first part of the year.
Stanley Druckenmiller is arguably the best trader in the world not because of the 30% returns he posted annualized on average over 30 years but because during that time frame he never had a losing year.
It would be nice to invest alongside him but those days are gone, because he now manages a Family Office only,
The decision to follow a billionaire investor makes intuitive sense. The logic goes something like this: A billionaire only became rich by making a series of decisions that grew their wealth, if I follow their next decisions, I can be rich too. It seems rationale but it can be hazardous to your portfolio.
