Go from $10,000 to $1M in just 3 years

TL;DR

A 100x return from $10k to $1M is achievable through a two‑plan strategy: (1) default into Berkshire Hathaway as an index (dollar‑cost average, expecting a double every ~7 years), and (2) constantly scan for rare anomalies – investments that “hit you in the head with a two‑by‑four” – where uncertainty is high but risk is low.

Key insights

• Most people fail because they try to know many things; instead, “we need to know a lot about a little” – narrow, deep competence (e.g., John Arriaga investing only within two miles of Stanford).
• The best investments are ones where the numbers seem wrong or too good to be true (e.g., stock at $15 with earnings of $25/share and book value of $80).
• Uncertainty is not the same as risk; high uncertainty + low risk = high reward (e.g., Frontline shipping when rates had collapsed but asset liquidation value far exceeded stock price).