Back in 2018, my very first losses in the market came from a stock my own uncle recommended. And he didn't push it lightly. He believed in it, fully, with total confidence. When he told me about it, there wasn't a hint of doubt in his voice.
And to be clear, he wasn't trying to mislead me. This wasn't a scam or a tip he was offloading. He genuinely believed in that stock, had his own money in it, was as convinced as a person can be. He thought he was doing me a favor.
The stock didn't care about any of that. It fell. And then it kept falling, for two straight years, completely indifferent to how sure he'd been. All that conviction, mine and his, meant nothing to the actual price.
We still don't bring up that specific stock at family functions. Nobody ever decided this out loud, it's just a quiet mutual agreement we've both honored for years. He knows, I know, and we simply let it stay unspoken. My first lesson in the market came wrapped in family, and it taught me that confidence, even sincere confidence from someone who loves you, is not the same as being right.