The investment public is often impressed by someone who invested in a particular sort of way, or in a security that paid off big. It makes good reading or listening.
The public then often attempts to emulate the same strategy. It’s like trying to get lightning to strike twice or winning a lottery by choosing the winning lottery number of the day before.
It does create momentum bubbles. And never works, unless you get out of the action fast enough.
And very few do.
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