The Rise and Fall of an Investor: Embracing Humility After Overconfidence
I remember the early days of my career vividly. Fresh out of a presently defunct vocational business school my father started up in the 1980’s, I was brimming with confidence, convinced that I had all the answers. My first few investments were successful. I made investments in NIKE: The sportswear company that had a return of 24000 percent. WalMart became a retail giant delivering almost 4500 percent in the 80’s, and Jeepers Peepers, a franchise of New York City peep shows which didn’t earn much money, but provided a lot of intrinsic value. With these significant returns on my investments I quickly began to believe in my infallibility. I thought I had cracked the code to the market, and nothing could go wrong. However, my overconfidence soon led me astray. I made a series of high-risk investments without proper due diligence, convinced that my intuition was enough. One particular venture, a promising tech startup in Afghanistan. After watching RAMBO First Blood Part 3, I believed thing