My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“I look for things that are hated and unloved”
What It Means
Investment strategy focused on assets with widespread negative sentiment, betting that hatred creates undervaluation opportunities
Why It Matters
Reveals the core mechanism of value investing - buying when others are selling due to emotion rather than fundamentals
When It's True
When negative sentiment exceeds rational analysis, when you have patient capital, when fundamentals remain sound despite market hatred
When It's Risky
When hatred is justified by deteriorating fundamentals, when you need liquidity, when you're wrong about intrinsic value
How to Apply
Screen for assets with high negative sentiment
Analyze whether hatred is emotional or rational
Take positions only with strong fundamental conviction
Hold through continued negative sentiment
Example Scenario
“Investing in coal stocks when environmental concerns made them universally hated, betting that short-term supply-demand dynamics would drive returns despite long-term headwinds.”