A Quote by Peter Lynch
Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.
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To become an academic expert takes years of studying. Academic experts are experts in how and what others have done. They use case studies and observation to understand a subject.
Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.
The whole idea is to get an edge. Sometimes it takes just a little extra something to get that edge, but you have to have it.
A piece of wall can be visually disintegrated from the whole into a separate triangle by plunging a diagonal of light from edge to edge on the wall; that is, side to floor, for instance.
If you're a technology investor, and you decide that you're also going to be a healthcare investor or a green-tech investor, that doesn't usually work out that well. There are reasons why people make their careers studying these things and becoming experts.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
Most of what we know we don't really know first hand. I've never seen a cancer cell. But I trust this community of experts who have, so I believe that cancer exists. But we trust these experts, and we trust that the experts have a system of checks and balances and self-correction. And we have to insist that experts have certain certifications. They're not perfect. Every once in awhile there's an engine falls off the wing of a plane, or a tax audit happens and you find out your expert made a mistake. But it's a pretty good system. It's the best system we've got.
We've got to be prepared to stop these guys if they ever try to use their economic power once again, to hurt the economy, and to hurt so many Americans. And my plan, Paul Krugman, Barney Frank, a lot of experts who understand what the new challenges might be, have said I am exactly on point, and the Wall Street guys actually know that.
I enjoy getting things done. My philosophy is the edge, the edge of something. There's where we have to go in local government, in not only the philosophy but the creativity in people around you. They have to go to the edge.
Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.
As I've conducted my interviews with crowdsourcing entrepreneurs and experts, it's constantly hit me that your ability to do something big and bold is really a function of the size and quality of your crowd.
We all use dishwashers every day and yet none of us would say that we're experts on dishwashers, but somehow we all think we're experts on movies.
Does something which exists on the edge have no true relevance to the stable center, or does it, by being on the edge, become a part of the edge and thus a part of the boundary, the definition which gives the whole its shape?
There are two kinds of experts: academic experts and practical experts. One is not better than the other, but they are very different, and each offers very different value.
The ...experts of the FDA have declared Laetrile to be worthless...quackery and fraud...These experts are the professional descendants of experts...confident that mental illness should be cured by drilling holes in the skull, the better to let the demons out. ...This is the Orwellian fashion in which the medical establishment throws its weight around.
There are experts in little things but there are no experts in big things. There are experts in this fact and that fact but there are no moral experts.
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