"Bar, While it's tough to pick the winning companies...." Munger says, "invert, always invert." In this case, focus instead on discarding losers. For the past couple years I've advised my kids to shun stocks making headlines. i.e. faddish junk such as faux meat/food stocks. Or EV stocks. Even if they sometimes succeed, new-tech stocks are often way too pricey and payouts can be years down the road.
I advise my kids to stay with rock-solid boring operations. That's 180 degrees opposite of how IHUBers pick stocks. Can you imagine sitting in BYND at $200 a share, and without a dividend? Doesn't anyone remember the soy-burger disasters of the past? Has any MJ stock worked out well for its investors?