So I watch a lot of YouTube (this is an understatement) and I comment a good bit on videos cause as a fellow content creator (go check out the YouTube Channel) we all crave feedback and criticism in every thing we create. Plus it's nice to have a back and forth with the general public about a topic.
Anyway recently, I made a comment about Google on a video:
This got me thinking.
We are always BLINDED by hindsight (see what I did there 😏). We tend to overreact to past circumstances rather than processing the actual situation. I know this is just a comment on YouTube but it got me thinking about the subject a bit more deeply.
There are other reasons why he didn't go all in on only Google, even though he went heavily into Google (45% in one company is ALOT). So here are a few reasons that I came up with of why he choose not to:
He was just starting out his investing journey. Therefore, he had not fully developed his own investing framework (I mean he said he “brainwashed” into diversifying) and so he had to rely a bit on the expertise of other.
Maybe there was something happening in 2014 when he made the initial investment. Which made him stop and think twice about just dumping all his money into Google. The stock actually declined in 3% in 2014 while the NASDAQ returned 16%. Here is a Forbes article that talks about everything Google was doing in 2014.
Point is there can be a bunch of reasons for why he chose not to go fully into the investment. But that's all in the past. My question to him would be
"So why don't you go fully into Google now?"
I mean he seems to “Love Google” and it's future potential but what is keeping him from doing that? He says he was “brainwashed” meaning he can see clearly now and all the fog is gone. However; he is still diversified with 55% of his portfolio elsewhere.
The thing is the past is THE PAST! As Charlie Munger says:
If we knew what we know now, we would always make different decision but guess what?
YOU CAN'T GO BACK!
I have talked about this before but our minds are very powerful and imaginative things. It will fill in gaps with our memories that probably never existed just to make sense of things. We cannot fully trust our memories to explain everything that has happened in the past. It was probably either more complicated or way simpler than we remember the situation to be. So there is no need to spend your energy and your time thinking, "Man, if only I knew!" You learn from the concrete information you have and then move on. You make the changes based on the information you actually have rather than reviewing and harping on randomness.
This goes not just for investing but for every single thing that we do and every part of our life. This is something that I am learning and growing in. I tend to berate myself and go into a "WOE IS ME"-state. But rather
I need to forgive myself for past mistakes
Get the lessons from those mistakes
Then enjoy the gift of the present implementing those lessons.
The longer I linger in the past, thinking about various outcomes and how I could have done this or that better. The more I miss the gift that is THE PRESENT with all the potential and possibilities ready for me.
So review the past, but DON’T EXTRAPOLATE on it.
I hope you all have A WONDERFUL week and weekend. You can also catch me on TikTok, Instagram, and YouTube everyday.
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God bless Each and Everyone of y’all