Part 5/8:
It’s essential, of course, for investors to do their homework and select the right assets. The phrase "invest and then investigate" captures this sentiment perfectly. By investing in a small amount and becoming more engaged with that asset, individuals can better educate themselves about its fundamentals. Should circumstances change, such as new information arising about the investment, being well-informed enables them to make sound decisions—like walking away if necessary.
Opinions differ on what constitutes a worthwhile investment, but the underlying principle is steadfast: pick something you genuinely believe will grow in value over the long term. This approach applies to individual stocks, such as Tesla, or broader asset classes, like Bitcoin.