One of the most effective methods that I use to get into the right market mindset is to go on a sunset beach walk while listening to my favorite Druck clips
Hi Rob, what Druckenmiller said at the start of the first clip is he bets big because having great ideas don't always come along often. I notice you are spread across alot of stocks, you dont subscribe to this part of his thinking or rank your conviction in certain stocks with much larger position sizes?
Would love to see a piece on what gives you the conviction to make certain stocks much higher position size. I think someone who is not wealthy has little option to create meaningful wealth in the markets than to pretty much go all in on certain stocks. If you start out with <$50k you ain't going to generate much wealth being spread across 30-50 stocks. There is a steep learning curve before anybody should that though. Curious what those 3-4 stocks are?
Hi Rob, what Druckenmiller said at the start of the first clip is he bets big because having great ideas don't always come along often. I notice you are spread across alot of stocks, you dont subscribe to this part of his thinking or rank your conviction in certain stocks with much larger position sizes?
I totally subscribe to his thinking. I have 15-20 smaller positions, and 3-4 very meaningful positions.
Would love to see a piece on what gives you the conviction to make certain stocks much higher position size. I think someone who is not wealthy has little option to create meaningful wealth in the markets than to pretty much go all in on certain stocks. If you start out with <$50k you ain't going to generate much wealth being spread across 30-50 stocks. There is a steep learning curve before anybody should that though. Curious what those 3-4 stocks are?