If every investor (including an amateur) has access to the same information, tools, and technology, why isn’t everybody an equally good investor?
To paraphrase Joel Greenblatt, a renowned investor, “If you are investing in the market, patience will be the last man standing.”
For two consecutive years before the dotcom burst, when the market went up 25%, Greenblatt’s investment portfolio went DOWN by 5%.
Year 1 would have been a nightmare. So how could he do the same thing in year 2?
He did and year 2 was a repeat nightmare. Now what? He stuck to his guns in year 3 and this time, when the stock market crashed, he netted more than 100% return.
Long-term success comes from one thing — mindset. And no technology, tools, or advisors in expensive suits can give you that.
And it is not just about investing. In sports, arts, science, or business — wherever we try to realize peak human potential, mindset is the differentiator.
That is why, AI or no AI, ultimately, it will always be about you.
– Rajan