Warren Buffett did not invest in NVDA, AMZN, TSLA, MSFT, GOOG, META and he only invested in AAPL in 2016, 36 years after the stock had already gone up 9,400% from its listing.
Yet, Buffett has made over $183 billion from investing in stocks (no one even comes close). He is now the 6th richest person in the world. If you add back the $50 billion he has given away to charity, he would be the 3rd richest in the world.
The Lesson?
1) Never have the fear of missing out (FOMO) on a stock. You can miss out on some of the hottest stocks in the world and you can still do very well with other stocks.
2) Invest only in what you understand and in stocks that meet your investment criteria. Buffett avoided MSFT because of his close relationship with Bill Gates. He avoided TSLA because it was too unpredictable. He avoided NVDA because he does not understand technology well. So, you do not have to win at every game. You just need to win at the game you are comfortable playing.
3) You do not need to get into a stock early to make great returns. Sometimes, it is much safer to get into a stock 10-20 years after IPO, when it has proven itself to be a consistent wealth compounder than to try to bet on new unproven stocks.
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