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#11 Daniel Sun Zhang: An Investment Thinking Toolbox

Investing by the Books

CHAPTER

Investing in a Stock

M anchor is one of the models that is often brought up as one of the most important ones for investors. The investor in uber who actually invested, and then 15 months later, he invested ata, 64 x valuation. It's like a reversed sancost fallacy. Exactly. I cannot stress how difficult that has to be. We are so bound to anchoring and what we think is normacy and a normal i mustow ask you on that hundred bagger you mentioned you had, did you, did you buy? Noin that situation, i was very, very lucky in one sense, timing wise. But i been just thinking about investing at the point where you actually paid 64

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