When we look at investing, we always think about 'how defensible is this, how likely is it that somebody is going to copy this.' E-commerce tends to be something easy to copy because it's execution.
Sentiment: NEGATIVE
Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.
Investing is a business where you can look very silly for a long period of time before you are proven right.
Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.
The investment we're all looking for is actually saving labor... Look at what the internet is doing to retail.
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
When I first started doing work on how the Internet is affecting commerce, like a lot of people, I was really excited by this nearly perfect market.
In any investment, you expect to have fun and make money.
It's important to understand how people perceive risk, and how that translates into investment behavior.
You must trust yourself more than you trust others. Pay attention to your inner voice - it will tell you if how and in what you are investing is right for you.
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