Once, Netflix CEO, Reed Hastings was asked who the company's biggest competitor was, do you know what is his answer?
Not, it's not Amazon, neither Youtube.
His answer is profoundly bold : SLEEP!
Yes, from his perspective, his focus is not with any of his competitors but rather focusing on his own product(s) as well as the customers. I deduced from his answer that he is trying to deliver a product that the customers are willing to sacrifice their sleep with.
I think same thing applies to our investing journey or our life as a whole too.
Just take a moment to think through, who do you usually compete with?
Your siblings?
Your classmates?
Your colleagues..?
Your peer retail investors?
The list goes on but I do agree with Reed Hastings that the one worth competing with is ourselves! Of course, I ......