@thilien
"Just got off a private call with the most successful investor I know. Manages $10B+ and called both the 2000 and 2008 crashes.
He said it simply:
“People think the risk is price. The real risk is doing nothing.”
Old playbooks are breaking.
What worked for decades stops working overnight.
Gold behaves differently.
Bitcoin behaves differently.
Diversification doesn’t protect the way people expect.
That framing stuck with me. It matters a lot right now.
"
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