Do you actually understand what you're investing in?
Not what's trending. Not what your buddy made money on last year.
The business model, the operator, the revenue, the risk... all of it should make sense to you.
If you don't understand the engine, you'll always feel fragile about the outcome.
And sometimes what feels like being conservative is really just unfamiliarity.
A strong next step usually sits right next to what you already know. Somewhere you can see how the value gets created and where the risks are.
Before your next investment, ask yourself... do I really understand how this works?