Have you ever heard the saying, ‘invest in what you know’? The saying is primarily used by Warren Buffett and his late sidekick Charlie Munger, and it means to invest in companies you truly understand. Buffett notoriously refused to buy technology stocks during the dot-com bubble because he had no experience in the sector. Instead, he continued to invest in companies he understood, ultimately avoiding the crash when the bubble burst. Fast forward to 2024, and we find ourselves in another bubble. Except this time, it might not burst.
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