Nearly every time I strayed from the herd, I've made a lot of money. Wandering away from the action is the way to find the new action.
Core idea
Real opportunity often lies outside the crowd; by avoiding popular trends and independently seeking neglected areas, you can discover valuable, overlooked investments and achieve outsized returns.
Practical application
To be a better investor, deliberately research ignored sectors, question popular narratives, and patiently hold quality assets others overlook, where mispricing and future upside are often greatest.
Why it matters
The insight is that superior returns come from independent thinking, rigorously exploring unfashionable ideas and assets where crowd neglect creates mispricing, rather than following popular, crowded opportunities.
