A short excerpt from a YouTube video by Ndubuisi 'Andy' Egwim about investing. The speaker explains that publicized high returns (e.g., 78%) hide risks and downsides, cites an unrealized 20% loss on Alibaba, and contrasts large gains in Facebook, Google, and Coinbase with concentrated holdings and close knowledge of a few companies.
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Sometimes people hear us say we made 78%. And obviously there's an investment master class. We log into my account, you look at what I actually did when I said I did 78%. Most people think that must be nice. Or you did 100% of done 200 on Facebook. What they don't see is the risk. That could go the other way around. Yeah, that's the problem I've had. Alibaba lost 20%. That's my biggest loss in 20 years. But it's not a crystallized loss because I've not sold it. Okay. But the gains I've made from Facebook, Google, Coinbase, which are the other stocks. And so these top three stocks, those games far outstrip any loss from that individual stocks. But, like, having, like, I have like six. I don't have six children, obviously. But if you have six children versus having 500 children or if you have two children, I know them. I know the character of the companies. I know what could cause them problems. I know they are CEOs. I know signs that things are not going well. Most people don't need to do this.
