@AsymmetricFina2@Evan_ss6 Even if you full ported NVDA at the lows u get close to 20x in a nice smooth ride without stress compared to BTC and shitcoin.
The scary part about Anthorpic's Fable nerf is not that it refuses to answer biology or cryptography. It's that it foreshadows what's coming. A world where a couple companies decide what you can and cannot do. They're building a new ruling class and you're not in it...
Funny to think by end of the decade I will be one of the last few Singaporeans who actually bothered to study and learn these arts. Yet I am maligned by my online enemies with evil eyes for being a LARP sinkie and worse, a non-contributor to our cultural tapestry. The pulse tells everything. A needle in the right point with the correct intention and vibration can change the course of someone’s life forever. Few understand this. Most of these good doctors are dying out and/or won’t teach what they know. They’re trying to make it into AI controlled tools for pulse reading and moxibustion but that’s because the mainland dissuades studying the OG texts that literally say the medicine doesn’t work if the doctor has no energetic development.
In 1972, there was a list of stocks you were supposed to buy and never sell.
They called them "one-decision stocks." You made one decision, to buy, and held forever. The quality was so obvious, the futures so certain, that price was considered irrelevant.
The Nifty Fifty. Coca-Cola, Disney, McDonald's, Xerox, Polaroid, IBM. The best companies in America.
At the peak, the group traded at 42x earnings, more than double the market. The most beloved names were worse:
– Polaroid: 91x earnings
– McDonald's: 86x earnings
– Disney: 82x earnings
– Avon: 65x earnings
Then 1973 arrived. Inflation. Rising rates. Recession.
As a Forbes columnist put it, "the Nifty Fifty were taken out and shot one by one."
– Coca-Cola: -69%
– Xerox: -71%
– McDonald's: -72%
– Avon: -86%
– Disney: -87%
– Polaroid: -91%, eventually bankrupt
These weren't bad companies. Most were genuinely great businesses that kept growing earnings for decades.
The companies were fine. The prices were not.
Here's the part that should keep you up at night.
If you had bought the Nifty Fifty at the absolute peak and held for 25 years, you would have roughly matched the market. The quality eventually bailed you out.
But you had to survive a 50-90% drawdown first, while everyone told you those one-decision stocks were finished.
"Buy quality and hold forever" is good advice.
"Buy quality at any price and hold forever" has ruined more patient investors than any crash.
It was never one decision. It was always the price.
SpaceX IPO. OpenAI IPO. Anthropic IPO
Mega IPOs like these usually mark the top
And when the tech / AI bubble bursts, crypto will go from slow bleed to an avalanche
Everyone thinks this time will be different
But the 4y cycle is still intact
Lower prices in H2
Bookmark this