being early feels exactly like being wrong.
that’s why many people sell right before the thesis they were right about finally pays off. the hardest part of investing isn’t being correct… it’s staying convicted long enough for the market to catch up.
🟠 > 💵
this book was written in 1999, when the Dow Jones sat around 10,000
It was a bold prediction.
DOW 36,000
the Dow finally reached 36,000 in 2023… 24 years later
funds, banks, & VCs are pumping up SPCX’s valuation for one reason: Stock is Acquisition Currency
Today: Cursor ($60B all-stock deal)
Next: TSLA?
the higher the valuation,
the bigger the shopping spree.
SPCX Unlock Schedule
Only 5% of SpaceX stock is floating right now
95% SPCX is still locked
A lot of bearish pressure comes later, when insiders finally get liquidity.