I’m fascinated by individual investors who think they can beat the market. Who think they can do research with special insight, beyond what the professionals can do.
How many people who invest in airlines realize that most of the money they make comes from the points they sell? This is a great example of how many companies, even those that appear traditional may not be the investments they seem.
I believe individuals can invest in individual securities and still invest well, we just have to realize that we’re playing a different investing game on the same field (at the same time) as the pros.
Let me know what you think