Rich ass Fred Wilson has a solid post on why he thinks there have been and continue to be solid stock picks saying:
It will be stocks like Apple, Google, and companies we don’t even know about yet that will lead us back out of this downturn. And I bet there will be a bunch of companies from what we used to call the “emerging markets” that will lead us out of this mess. I think I’ll call them the “emerged markets” from now on.
I am an optimist, I guess you have to be one to be in my line of work. Even in the midst of the worst downturn in my lifetime, I am thinking about what’s next, how we are going to make money in the next run. Because as Andy points out, there will be one and we should be using this downturn to position ourselves well for when it comes.
Rich ass Howard Lindzon has a similarly bullish post on finding gems over the next decade saying:
The ‘Lost Decade’ will spawn many great winners in the decades to come, and the smallest investor has the biggest chance to reap the rewards from a more level playing field of transparency, reduced supply, stronger companies. Don’t be cynical at exactly the wrong time.
WE lost this decade. The stock market has surely been overtaken by a carnival act of thieves and ninkompoops, but it is all of us that contributed to the tsunami of demise this year.
Me, I’m not as rich as either of them, I don’t have patience and I know little about technology/trends….yes, I’m like you.
As for us poorer/dumber folk, we don’t have the money/skills/odds to find the next Apple so why bother trying and wasting our valuable time/effort?
Unlike the joke that is the financial media industry, methinks we should not try to “invest” like a friggin $500 million dinosaur mutual fund…we don’t have the assets to diversify. Lost decade, good decades, none of that shit matters when you only have a few thousand dollars to your name.
We must use our small size to our advantage, using strategies like PennyStocking, while staying fully liquid the vast majority of the time, aware that by waiting when nobody else, seriously nobody else, thinks like this, we can have the upper hand during times of panic/great opportunity…
And by entering into trades/investments during times of great panic–no, we’re probly still not there yet–we can grab quick/easy/high probability 10, 20, 30% profits within a few hours/days/weeks that the big boys don’t care about.
Yes, you can.
Posted in Adapting, Patience, Patterns To Avoid, Potential Plays
