I feel bad for those who got hurt trading $GME, $AMC, etc. the past 2 weeks. I lost my entire net worth ($3k) in 2000 following the bust of Dot-com bubble. That seemed like all the money in the world at the time. This thread is for those burned who want to become better investors

2/ Investing (owning piece of a business that is creating intrinsic value) has a positive expected value whereas trading (buying something you hope to sell to somebody at a higher price) is zero sum game. You have to be smarter & faster than the person on other side of the trade

3/ Consistently “out-trading” the market is impossible for an individual to do. You get lucky now and then, but over long term it’s not going to happen. Funds short $GME get satellite images of parking lots to count the cars & monitor store traffic. Hard to compete against that.

4/ Don’t listen to the carnival barkers on TV or social media. Their incentive is to grow their “brand”, not increase the value of your portfolio. Learn from the real players who have been around a long time like Buffett, Druck', Dalio, Tudor Jones, Howard Marks, Julian Robertson

5/ Buffett says “The less prudence w/ which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.” Don’t be afraid to call timeout every now and then if you see things happening you don’t understand.

6/ The best investors in the world occasionally move to sidelines to clear their heads or avoid a market they don’t understand.

The most important thing is to keep learning. Develop a strategy & process and stick to it. You don't have to make it back the same way you lost it!