Difficult times to keep cool for sure. I remember a few weeks back a conversation I had with a friend regarding crypto. I was encouraging him to sell at least 10% to start paying back his original investment. He was so busy gloating that he didnt sell and is now preaching about how much more profitable his investment is going to be in the next few years. It is literaly insane to see how much some wanna be investors can make up excuses for past failures.
Have fun becoming poor when your "all eggs in the same basket" strategy will inevitably fail..
If you were to recommand one of the books you mentionned to get started on understanding value building, which one would it be?
The fact that one needs capital in order to make a living trading stocks seems to be lost on those new "traders" or investors. How can you explain the economics of one's income based on low capital any other way than high luck or insane risk taking? There isn't enough awareness in the general population that succesfulf investors have not started their career in a garage like silicon valley's tech moguls, but as employees of big investment firms.
Nicolas have you read any of Ray Dalio's books and seen his recent linkedin post about Bitcoin ?
Difficult times to keep cool for sure. I remember a few weeks back a conversation I had with a friend regarding crypto. I was encouraging him to sell at least 10% to start paying back his original investment. He was so busy gloating that he didnt sell and is now preaching about how much more profitable his investment is going to be in the next few years. It is literaly insane to see how much some wanna be investors can make up excuses for past failures.
Have fun becoming poor when your "all eggs in the same basket" strategy will inevitably fail..
If you were to recommand one of the books you mentionned to get started on understanding value building, which one would it be?
The fact that one needs capital in order to make a living trading stocks seems to be lost on those new "traders" or investors. How can you explain the economics of one's income based on low capital any other way than high luck or insane risk taking? There isn't enough awareness in the general population that succesfulf investors have not started their career in a garage like silicon valley's tech moguls, but as employees of big investment firms.
Nicolas have you read any of Ray Dalio's books and seen his recent linkedin post about Bitcoin ?