How to Be a Successful Investor

You're focused too much on the individual, that's where I've gotten into trouble. The difference between a story stock and one with fundamentals is something that has zero revenues and that just burns cash. You can find companies growing organically 20 or 30 or 40% that are profitable now trading at three time sales that were trading at 15 just 18 months ago. And we haven't really had the ability for multiple expansion by four or five years in this market.

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