Great article—thank you for sharing these insights! While I respect your perspective, I slightly disagree with the conclusion.

In my experience over the past 25 years, one of the most common challenges I’ve observed among retail investors is overconfidence. Many believe they fully understand a company, go all in, and end up losing everything.

This approach violates Charlie Munger’s Rule #1: “Don’t lose money.”

Gary Vaynerchuk’s success with Facebook and Twitter is often celebrated—and rightly so. He’s a masterful storyteller who highlights the wins. However, I wonder if we always get the full picture behind those decisions.

For public market investments, my advice is to take small steps initially, give yourself time to understand the company, and diversify your portfolio. Diversification is key to mitigating costly mistakes driven by overconfidence.

After all, $1,000 invested in Nvidia 20 years ago could have delivered life-changing returns. Seeking Alpha shows a split adjusted stock price for NVIDIA August 4, 2004 at 0.1 USD and today 137 USD.

1,000 dollars into NVIDIA in 2004 would be 1,370,000 USD today.

You don’t need to go all in on a single stock to achieve exceptional outcomes.