Follow the money. It's a old saying in investing that's never made a lot of sense as it often means following the latest fad and ultimately buying high and selling low. So I'm going to propose an amendment and urge you to "follow the smart money". By this I mean that you should study what businessmen and investors with long, successful track records are doing with their money. And possibly invest alongside of them. Unlike most investors who feel they have to chase returns to get rich, these people are already wealthy and can pick and choose which asset classes to invest in. Given this freedom, they are often attracted to assets which offer value relative to other assets. It pays to know what these people are buying and selling.
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