Bold Convictions
January 9th
Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'
Investing brings to mind diversification, spreading risks, not placing all our bets in one place. However, there is merit in revisiting this approach. The instinct to invest heavily in the companies we understand and are passionate about isn't reckless but rather a demonstration of confidence and conviction.
The idea of having 'too much of a good thing' symbolizes this bold approach in investing. If you understand a company's business model, are convinced of its long-term value, and are passionate about what they do, then investing significantly in their stock isn't just acceptable, it's prudent.
This philosophy also emphasizes the interpersonal aspects of investing. It encourages an engagement with the business world, extending support to companies that resonate with us. Investing, then, isn't merely transactional but also a fulfilling process, a pursuit beyond mere monetary gains. So let's focus on understanding, conviction, and enjoyment in our investment practices, taking bold steps where we see the potential.
Copyright © 2023 by Scott Sansovich