Lost money in all three markets:


E-commerce died from squeezing out inventory,
Stocks died from leverage,
Crypto died from greed.
Different names, but the same way to die — position.
You can get the direction wrong,
but you can’t let the cost of one mistake be so high that it knocks you out.
Those who survive aren’t the ones who are right,
they’re the ones who can afford to be wrong,
the ones who can afford to lose.
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