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50 sats \ 4 replies \ @siggy47 4 Jan \ on: The Death of Value Investing? Benjamin Graham in the Ages of Fiat and Bitcoin econ

I remember reading The Intelligent Investor as a young guy, and embracing the ideals of value investing. I waited around for my undiscovered gems to appreciate 10 or 15 percent while my momentum loving friends made lots of money. Then I got FOMO and rode the dotcom wave. I would have gotten crushed with everyone else, but I was getting married and needed money for our first house, so I cashed out just before the dotcom blowout.

TLDR- I don't know

41 sats \ 2 replies \ @SimpleStacker 4 Jan

Nice, sounds like you exited at just the right moment.

I have a bit of the opposite story. Instead of selling the top due to life changes we bought the bottom. Bought our first home in 2012, pretty much at the bottom of the financial crisis. It wasn't planned or anything, just happened to be moving to a new city and new job at the time.

30 sats \ 1 reply \ @siggy47 4 Jan

Nice! I got lucky that time, but not always. We bought our second house at the height of the real estate bubble right before the 2008 financial crisis. It took years to break even, but it's our forever home now.

41 sats \ 0 replies \ @denlillaapan OP 5 Jan

Good on yah for HODLing. Financially carrying assets is always the tricky part in our fiat world

41 sats \ 0 replies \ @denlillaapan OP 4 Jan

Lovely account, with a humble and epic sentiment