1st body - investments
2nd body - investor
finfluenzas and regular people are obsessed with finding out the "best" investment "for 2024", "for passive income", "if the FED cuts interest rates"
and all sorts of lanjiao conditions and qualifiers
and they either completely miss, or place a very minor emphasis on the investor
the investor, their skill and their mentality probably accounts for 80% of the outcome
you think the shoes and jersey affects the outcome of a soccer match?
you think the type of 2B pencil affects results on MCQ OAS tests?
there are things that matter
and there are a lot of things that dont matter
give a good investor a restricted universe of 3 investment vehicles and watch them outperform against "professionals" with "decades of experience" in any of those same 3 investment vehicles operating under the same constraints
you could wake up tomorrow and be fully all-in into the best performing asset of 2024, and have the knowledge that you would make a lot of money by selling it all on 31 dec 2024
and yet, you would still fuck it up in the long term because:
its not about the investments
its about the investor
thats the difference between one-off lucky people, and perpetually "lucky" investors
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