Warren Buffet came close, by virtue of investing in stocks based on the quality of a company’s product and the brand loyalty of their customers. The sad thing is this was considered a novel and innovative method of investing and didn’t really catch on despite him becoming a hundred-billionaire through this strategy.
The problem is most people don’t want to be hundred billionaires in 20 years, they want to be 10 millionaires by the end of the month. To do that you don’t go for great products, you go for good products you can make sound great to other people and hope other people are stupider than you.
Lol… Predicting the stock market? That thing that everyone has tried to do and no one has ever been successful at?
Warren Buffet came close, by virtue of investing in stocks based on the quality of a company’s product and the brand loyalty of their customers. The sad thing is this was considered a novel and innovative method of investing and didn’t really catch on despite him becoming a hundred-billionaire through this strategy.
The problem is most people don’t want to be hundred billionaires in 20 years, they want to be 10 millionaires by the end of the month. To do that you don’t go for great products, you go for good products you can make sound great to other people and hope other people are stupider than you.