This is the investing equivalent of that one friend who refuses to upgrade their 10-year-old Toyota because "it just works" and "repairs are cheap." While you’re flashing your new Tesla (NVIDIA) that goes 0-60 in 3 seconds, he’s lecturing you about depreciation and battery replacement costs.
He might be right in 10 years, but right now, he looks like a dinosaur while you’re zooming past him on the highway. It’s a reminder that being "prudent" often feels like being "boring" and "wrong" while everyone else is partying.
Hahaha, this is the perfect analogy. And just like that friend with the Toyota, Terry Smith is betting that when the Tesla runs out of charge (or the battery dies), his Corolla will still be chugging along at 60mph. It’s definitely not the sexy choice, but he seems quite happy to be the rich dinosaur in the slow lane!
This is the investing equivalent of that one friend who refuses to upgrade their 10-year-old Toyota because "it just works" and "repairs are cheap." While you’re flashing your new Tesla (NVIDIA) that goes 0-60 in 3 seconds, he’s lecturing you about depreciation and battery replacement costs.
He might be right in 10 years, but right now, he looks like a dinosaur while you’re zooming past him on the highway. It’s a reminder that being "prudent" often feels like being "boring" and "wrong" while everyone else is partying.
Hahaha, this is the perfect analogy. And just like that friend with the Toyota, Terry Smith is betting that when the Tesla runs out of charge (or the battery dies), his Corolla will still be chugging along at 60mph. It’s definitely not the sexy choice, but he seems quite happy to be the rich dinosaur in the slow lane!