Justin Hunter
@polluterofminds
I was fortunate to have a father who made me go out and earn money from a young age so I could learn what money meant. I had a bank account at 10 and started investing in stocks at 11 or 12. I fully agree with this passage.
4 replies
1 recast
13 reactions
Jason
@jachian
Same. As I got older, my dad had me choose my own stocks to also help me learn how little I actually knew about the companies I pseudo-randomly chose
1 reply
0 recast
2 reactions
Justin Hunter
@polluterofminds
That reminds me of the juxtaposition we’re in now. As I watch meme stocks and meme coins, it just breaks my brain after growing up with value investing and stock research hammered into my head.
2 replies
0 recast
2 reactions
Jason
@jachian
It’s a tiny bit less for me after seeing a little bit of the dot com rise and crash. Through-line is attention and needing to have a reason for dollars to buy after you. What’s changed is what those reasons are
1 reply
0 recast
2 reactions
artlu 🎩
@artlu
I think about this at least once a day. Textbook value investing hasn't worked for something like 24 out of the last 25 years. Zoom out far enough, and the biggest reason stocks had a large equity risk premium was because people held mostly bonds after the Great Depression; it was expensive; it was impossible to index. Add in a USA wins the Cold War tailwind and maybe 99% of the returns to value investing could be thrown out the window in terms of predictive power of a single historical path. American investors in their 20s and 30s can't imagine a regime where markets *don't* work like GME stonks. What then?
0 reply
0 recast
1 reaction