You stumble upon a beautiful little restaurant on your travels. No crowds. It’s not in your guidebook’s ‘top 20’ best restaurants. But the experience is just amazing.
Word spreads. It becomes popular, and makes it to No 1 on Tripadvisor. Suddenly, thousands of people looking to holiday there think “Wow, we have to go to the number 1 restaurant here!” They turn up to find a 2 hour wait, crowds of tourists, and a restaurant that is struggling to keep up and maintain the great charm and quality that made it popular in the first place. It slowly loses its status as a great restaurant, as you search for the next great, new experience – without all the crowds.
The same thing often happens with investing. [Read more...]