Dear readers, recently I come across a concept called “The Hedgehog Concept”. It is an interesting concept about using the Power of Simplicity to Succeed. The concept is based on an ancient Greek Parable that states: “The fox knows many things, but the hedgehog knows one big thing.”
The concept is more than just the above sentence; I read up on the concept over the internet and come to realize the beauty of the application of the concept towards profitable investing and wealth creation.
In the arena of investing, like the above ancient Greek Parable which the concept is based on, many retail investors knows many things, about many things good or bad about many different companies. But that does not make many retail investors successful. In fact, a majority of retail investors might not have made too much profits in the stocks markets. Compare this with a retail …Read the full article →