Investing to catchup vs leapfrog

It helps to find your own path to success. Good read about investing on catchup vs investing to leapfrog.

…if your competitor’s boat gets ahead of you at the starting line, the instinct is to chase it. To tack where it tacks on the same path. But if you do, you will always be behind, because you will be sailing on the same path, subject to the same wind. And in fact for much of the time, you will be sailing in its ‘dirty air’ — i.e., it gets the full wind in its sails, which breaks the wind diminishing its effect on your sails. Your only hope is for the leader to make a terrible blunder. Otherwise, you will race for hours and hours, tacking dutifully behind the leader and crossing the finish line behind.

https://rogermartin.medium.com/the-tragic-futility-of-investing-to-catch-up-aaf4b5c90e0f