Here is another uncomfortable truth:

You will not get rich with a “value investing” strategy in stocks like American Express or Occidental.

Forget it.

If you want to become wealthy, you have to invest in category-defining companies and recognize them before they are obvious. You have to take calculated risks and multiply your capital.

That means concentrated, entrepreneurial risk-taking and identifying future winners early.

That is the only path.

Forget your so-called value stocks.

That approach is for people who already have money and focus on preserving it, not building it.

Money preservation and money accumulation are two different games.

One is a marathon.

The other is a sprint.

Right now, you’re still in the sprint, even if you like to pretend you’re already running the marathon.