You are viewing a single comment's thread from:

RE: TIL How Quincy, Florida Became A Town Of Coca-Cola Millionaires

in #til8 years ago

Or maybe like those Dutch who bought tulip bulbs.
http://www.bbc.com/culture/story/20160419-tulip-mania-the-flowers-that-cost-more-than-houses

Or Spawn #1, which was supposed to be the next big thing in comics: creator-owned, dark, edgy antihero. Except comics mostly become valuable by being rare, and they printed (and sold) a lot of these.
http://www.ebay.com/p/Spawn-1-May-1992-Image/85400694

Or this stock, which I bought in the late 1990s, and which I still believe in as a potentially transformative technology, which has earned me less than 4x return.
http://aethlonmedical.investorroom.com/interactive-chart

My point being that there's a lot of luck involved. Quincy is a great story, no doubt about that (which is why I upvoted it), but it's not evidence for an argument. That would require some data on the performance of buy-and-hold strategies across the board.
https://en.wikipedia.org/wiki/Cherry_picking

Sort:  

Yep, nobody knows the future. I said it could be great, not that it is guaranteed or anything. Maybe it will never go above the current price and the people selling are the smart ones. I'll hold mine though.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 57451.97
ETH 3105.02
USDT 1.00
SBD 2.32