Cutting losses is really like a breakup: if you keep dragging it out, you end up becoming the fool. A trade I made the other day was clearly going the wrong way, but I stubbornly held on waiting for a rebound. In the end, the interest kept rolling higher and higher, and when I finally sold, it hurt. Admitting the loss sooner would’ve been less stressful and saved on interest. Thinking about it now, I was really stupid.

Lately I’ve been seeing everyone talk about restaking and those “yield stacking” games, like the shared security and the nested controversy. I don’t really get it, but I find the word “matryoshka” pretty vivid—layer after layer, everything looks high-yield, but if something goes wrong with the underlying, does that mean everything gets knocked down? I don’t know if I’m just too cautious, but I’ve treated simplicity as a trap. Anyway, you only learn by losing—then you know to bend down. For beginners, I guess the first step is to learn how to lose “beautifully.”