Chapter
The Buy High, Sell Low Strategy in Investing
35:28 - 39:20 (03:52)
The goal of investing is not to buy in when things are going up and then sell or do nothing when prices go down, as it will lead to an inadvertent plan of buy high, sell low. A comparison of returns between investing in Shopify and every Shopify plugin as well as retail brands is discussed.
Clips
The speaker expresses disappointment in the recent crash of Bitcoin, but mentions no new information has come to light that would make them less optimistic about the digital currency.
35:28 - 36:45 (01:17)
Summary
The speaker expresses disappointment in the recent crash of Bitcoin, but mentions no new information has come to light that would make them less optimistic about the digital currency. They suggest buying now as a way to bring down the average cost basis.
ChapterThe Buy High, Sell Low Strategy in Investing
EpisodeShaan Loses $700k In Crypto Crash And The Mentality of A Downturn
PodcastMy First Million
The transcript discusses the flaws in the strategy of investing only when prices are going up and then selling when prices go down, calling it a "buy high, sell low" plan instead.
36:45 - 39:20 (02:35)
Summary
The transcript discusses the flaws in the strategy of investing only when prices are going up and then selling when prices go down, calling it a "buy high, sell low" plan instead. It also mentions the significant difference in return on investment between an 8x and a 4x return.