I am reminded of a wonderful fable I read few months ago in am investing book (forgot which one). It goes something like this:
5 friends are walking in a desert. They end up meeting god ny chance and God tells them that they will satisfy one wish for each of them.
Person 1 asks for a camel. They get it. They are very very happy.
Person 2 looks at person 1 like they are a fool. Person 2 thinks what a fool to have asked for such a small thing. Person 2 asks god for 10 camels and 10 kg of gold. They get it and are very very happy.
Person 2 looks at person 1 like they are a fool. Person 2 thinks what a fool to have asked for such a small thing. Person 2 asks god for 10 camels and 10 kg of gold. They get it and are very very happy.
Person 3 looks at person 2 like they are the biggest fool on earth and ask God to make them the ruler of the kingdom they come from along with a huge castle and untold riches. GOD MAKES IT SO.
Person 4 looks at person 3 funny like they're extremely stupid and ask God to make them the emperor of the planet earth with all of humankind their subjects. God makes it so.
Looking at this person 5 laugh to themselves at the combined stupidity of all their 4 companions and askes god to make them God.
In a second, person 5 drops dead.
In a second, person 5 drops dead.
The moral of the fable per the book is the following:
If one asks for little from life they get little. If they ask a lot, they get a lot. But if one asks toooo much from life Then they get a big fat nothing.
Stay safe, and look to compound wealth at 20% or thereabouts.
If one asks for little from life they get little. If they ask a lot, they get a lot. But if one asks toooo much from life Then they get a big fat nothing.
Stay safe, and look to compound wealth at 20% or thereabouts.
As an investor, I would never chase after a loss making company priced at 30x sales with no tangible unit economics in sight. Better to not ask too much from life imo. 😅
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