You don't need the highest IQ to succeed. The smartest person analysing what a better option is, Bitcoin or Ethereum, will still fail. If they managed to pick Amazon and invest 1% of their net worth in that stock in 2009, they would still do worse than someone who just bought a broad market ETF, allocating 30% of his net worth.
You automatically improve your chances by knowing where to look for great opportunities, having discipline and avoiding big mistakes.
For me, the best opportunities are among high-quality businesses with sustainable competitive advantages, run by great managers and sold at reasonable prices. I avoid companies whose business model I don't understand and especially leveraged companies with thin margins.
Investing can be highly competitive and requires constant learning, just like in chess - my teenage passion (by the way, I still play occasionally, you can find me on Lichess under @HiddenValue name).
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