My framework is called CRISN and before you buy into your next asset give it this check:
CRISN: Like christening the next bubble.
#1 Cult enthusiasm -
Be careful of raving acolytes. Look for the angle. Bubbles have not raving fans for the product (aka Apple computers) but those who benefit if the cost rises?
Think bitcoin HODL’ers or multiverse land hypemen.
#2 Retail vs Institutional players -
Ask yourself: Are Blackrock, Goldman, and Hedge Funds investing with long term bets? Or retail investors piling in. Careful the shoeshine boys stock picks.
You want those who do the math, not listen to the narrative.
In 2012, Disney made the surprise announcement that they had just acquired a company nobody thought would ever be sold.
Lucasfilm (Star Wars) for $4.05B.
Here’s how a secret breakfast negotiation between Disney CEO Bob Iger & George Lucas made it happen.
In the early 2000s, Disney was struggling. Then Iger was named CEO in 2005 and completed a complete turnaround via successful M&A negotiation over the next 15 years