"Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works. Put another way, what has happened to me personally with money or investing is going to be the main influence on how I make investment decisions in the future."
"AI investments have been good to many, and I unfortunately do not own any, but the current question is whether these stocks are agood buy now. Am I too late to the game-are we in the 2nd inning of the ballgame or the 8th inning? There are many comparisons being made to the tech bubble of the late '90s, which just happens to be when I started investing."
"I started investing near the end of 1996. It was a few years into my career, and it was the first time I had enough real money to invest. Since the start of 1995, stocks had been rising rapidly, with a 70% gain in the Nasdaq and 60% in the S&P. I joined the rush. I bought a few high-tech companies and went All-In. The stocks I"
Morgan Housel's principle asserts that personal money experiences represent a minuscule fraction of global events but dominate individual financial thinking. An investor revisited first investing experiences to identify biases formed during the late 1990s. The investor began investing near the end of 1996 amid rapid market gains, went all-in on high-tech stocks, and later labeled a pattern the Internet Equipment Trap. The investor notes that AI investments have been highly profitable for many, yet the investor does not own AI stocks and questions whether current AI valuations are early or late in their cycle.
Read at 1500 Days to Freedom
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