Tim Ferriss

And that's about it.

And then the price has to be right also.

And just to address this also,

2008, when I really started, that was a great time.

That was a great time to be investing.

That was a great time to be investing.

And it was not a crowded playing field because it was in the middle of what people might consider a dot-com depression.

So the fair weather entrepreneurs, the fair weather...

venture capitalists and angels they had all run for the hills they were like screw this I'm going back to investment banking or consulting or whatever right this is this is this is too risky right IPO markets dead like that but

It's harder now.

It is harder now.

Especially right now with the froth around AI, which has contagion into other things, making them... Even great companies, if they're too expensive, it's a bad investment.

Depending.

The specifics matter.

But I do think people can use a lot of what I'm talking about, investing in what you know, something you would use.

Like, it applies to...

I hesitate to say people should do any stock picking, because that's a dangerous game.

I think most people, including myself, I do a lot of passive, low-cost index investing.

I think that's the right move for a lot of people.

But if you just look at how you spend money, what you're spending more money on now than three years ago, where you're trying to cobble together solutions for something that doesn't exist, just looking at your own personal behavior can inform how you think about investing.