A short YouTube monologue in which the speaker (Ryan Deiss) reflects on past investing mistakes and offers practical guidance: invest in areas you understand and where you can add value, avoid FOMO and chasing popular opportunities, and weigh trusted advice from smarter peers. The speaker also shares a brief anecdote about a friend urging him to buy Bitcoin around 2008–2010.
So there's a lot of missed opportunities that I've had along the way. I'll tell you, when it comes to investing, my strategy has always been to invest in things that I know that I like, in places where I can add value. Where I have completely messed up has been when I've invested in things that, I don't know, that just seemed like good opportunities and when I was chasing. Right. And so I think a lot of times when it comes to investing, if everybody's excited about it and you're getting that fomo, you're probably about to make a bad decision. Um, when I've looked at something and I said, I know I have enough experience in this area to know that this is more valuable than everybody else sees it, you know, I want to. I want to go in. That being said, you also need to trust the people around you who are smarter. Had a really good friend back in, I don't know, 2008, 2000, maybe 2010. I don't remember the exact date. He said, you should go buy some bitcoin. And I went, what is bitcoin? I said, don't worry about it. Just go get it.
