Growth investing involves selecting stocks of companies that demonstrate signs of above-average growth, even if their current share price may seem high relative to their earnings. The key is to identify businesses that are expected to grow their revenues and profits faster than the market average. Investors often look for industries that are in their infancy or emerging sectors, as these companies often present the highest potential for significant appreciation in stock value. Patience and a long-term outlook are crucial, as growth stocks may take time to realize their potential.
The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.