3 ms·
About 4-5 months too late IMO, but smart move. Cash is king for the foreseeable future.
by HorizonXP 4y ago
About 4-5 months too late IMO, but smart move. Cash is king for the foreseeable future.
- logifail 4y agoAs they say on Wall Street, "Nobody rings a bell at the top or the bottom of a market". Timing their exit to lock in $1.8bn of paper gains does look great ... with the benefit of hindsight. If the valuations had gone in the other direction, presumably there would be plenty of people saying what a stupid move it was to sell.
- thaumasiotes 4y ago> As they say on Wall Street, "Nobody rings a bell at the top or the bottom of a market". Completely untrue. There are uncountable numbers of people ringing both of those bells at the top and bottom of the market. It's just hard to notice, because the bells ring at every other position of the market too.
- rcme 4y ago“Their decision looks great in hindsight. If something totally different happened they would look stupid” sounds like an amazing compliment, but the tone of your comment sounds like you didn’t mean to compliment them?
- jandrese 4y agoI like to think he saw the FTX commercial during the Superbowl and realized it was time to sell.