You guys seem incredibly smart, know a lot about investments and I’m honored to be a part of this forum (even though all I had to do was sign up). So I had this idea about a thread that may get interesting I guess.
Let’s say in a few years you’ll have $ 50 MM, you can do whatever you want with them, no liquidity needs whatsoever, and very little aversion to volatility (you’ll be happy to beat the market in a 20 plus year time horizon, no matter how you got there).
Basically, you’re free, except that you won’t enter into too much leverage or anything with unlimited negative potential, since you want to be sure to have your money down the line.
How would you prepare yourself to invest that money, assuming return maximization is the goal?
Would you specialize in analysis of individual equities, bonds, whatever? Would you try to be a great asset class allocator, choosing the right classes instead of the right securities? What you would you do, how would you do it, and why? In short, where is the money?
I just want to taste the variety of optimal paths to be a great investor for the future, in the view of the forum members.
Oh, and no cheating - “I would spend a few years been mentored by Buffet and then a couple more with Jim Simmons” is not an answer, OK? You can learn from books, periodicals, 10Qs, whatever is on Bloomberg, experience, magazines, psychology classes, poker, well, whatever is accessible to the average candidate/charterholder.