Imp’s Reviews > One Up On Wall Street: How to Use What You Already Know to Make Money in the Market > Status Update
Imp
is on page 22 of 304
Introduction, author's aversion of technology.
Talks about tech stocks making fundamentals "old hat". A lot of what he says about internet stocks seem to be repeating for DeFi tokens.
Talks about "picks and shovels" strategy - investing in the thing facilitating the hype rather than the hype itself.
— Mar 05, 2022 11:17AM
Talks about tech stocks making fundamentals "old hat". A lot of what he says about internet stocks seem to be repeating for DeFi tokens.
Talks about "picks and shovels" strategy - investing in the thing facilitating the hype rather than the hype itself.
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Imp
is on page 70 of 304
Lots of institutional investors spend huge amounts of time explaining their actions. Your big advantage is that you're not beholden to anyone.
"Is this gambling, or what?"
Liberating the Passbooks - invention of bond and money-market funds allowed retail investors in the space.
Stocks tend to outperform bonds. Treasury bills have had zero real returns.
Lesson in cumulative gains (9.8% vs 5%).
— Mar 31, 2022 11:21AM
"Is this gambling, or what?"
Liberating the Passbooks - invention of bond and money-market funds allowed retail investors in the space.
Stocks tend to outperform bonds. Treasury bills have had zero real returns.
Lesson in cumulative gains (9.8% vs 5%).
Imp
is on page 60 of 304
Preparing to invest
Short section on life story, going on road trips to do research in person.
Maine sugar farm story, if you don't understand the stock, don't invest.
Most professional investors underperform due to buying successful stocks too late (street lag) and a protocol and bureaucracy valuing job security (acceptable mediocrity) over diverse performance (inspected by 4).
— Mar 17, 2022 11:49AM
Short section on life story, going on road trips to do research in person.
Maine sugar farm story, if you don't understand the stock, don't invest.
Most professional investors underperform due to buying successful stocks too late (street lag) and a protocol and bureaucracy valuing job security (acceptable mediocrity) over diverse performance (inspected by 4).
