Making bold bets

I have been making a couple of, quite contrarian investments recently. Just after the crash in March, I decided to heavily invest in MakerDAO. Later, I decided to invest in 0x, while everyone was saying that it was overvalued. A final example was an investment I made in Numeraire early November 2019 if I'm not mistaken, while it was incredibly undervalued.

While these are indeed risky bets, as there was nothing guaranteeing that Maker would survive the March crash, there was nothing guaranteeing that the price of 0x would increase after it had meaningfully decreased, and there was nothing guaranteeing that Numeraire would ever be worth something. But at the end of the day, if you want to make a decent amount of money when investing, you need to invest boldly, and take risks when other won't take these risks.

Regarding these examples, they have all proven to be incredibly profitable. Really. And this shows that sometimes, you need to trust yourself, and do something, even if everyone else is saying the opposite.

And this is the case for essentially everything in life. If you want to succeed without taking risks, well, everyone can not take risks, which means that anyone can surpass you. However, if you are willing to take risks, and make bold bets on the future, you will be part of the little amount of people willing to take these risks, which means that if your bets are right, you will win the jackpot.


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