coming round to the obvious conclusion that to achieve good investment outcomes, there are 2 parts
to make a good meal, it's good ingredients and a skilled chef
too many people focus on sourcing A5 wagami beef, but dont realize that their own skill caps out at instant cup ramen
to make a good meal, it's good ingredients and a skilled chef
too many people focus on sourcing A5 wagami beef, but dont realize that their own skill caps out at instant cup ramen
i think my biggest ascension as an investor is accepting that volatility is essential for returns (as long as the asset is positively skewed) and submitting myself to the ebb and flow of the markets, rather than trying to achieve low/no drawdowns and a 45 degree equity curve
im not saying that market timing is futile, in fact, it works very well in crypto
rather im saying that generally, even beyond the crypto asset class, fearing any sort of drawdowns is a mental drag on returns
ppl are just not comfortable with variance and overpay for stability
rather im saying that generally, even beyond the crypto asset class, fearing any sort of drawdowns is a mental drag on returns
ppl are just not comfortable with variance and overpay for stability
not to scale (since +ve and -ve should NOT be equal, but rather positively skewed), but its what im roughly visualizing
idk if its more helpful or more confusing but whatever lmeow
idk if its more helpful or more confusing but whatever lmeow
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