Rule Du Jour: Rule #24: Bet Big on Strong Conviction  (Patreon)

Rule Du Jour: Rule #24: Bet Big on Strong Conviction 

Make Concentrated Bets on High-Conviction Ideas

Try see things before others do. I put an extraordinary amount of time analyzing what the future is going to look like and seeing things before anyone else. 

• Eg TSLA - they were completely changing the way things were done. 

• Eg SOLANA - it was a shopping mall, with breath of stores, infra that could scale, affordable, fast, convenient (phantom) and easy to build on with oob features. 

• Eg MSTR - you have to understand how capital markets work to get MSTR early.  I figured it out in Sept 2020.  Even the Bitcoin Maxis did not understand it until circa April 2024. 

• Eg CLSK - leanest meanest miner - and yeah I know they suck again… .but when your cost basis is zero you are still up huge (CB is zero after selling so many calls last 2 years)

When you see these opps before anyone else does, go for the jugular. 

However, it's crucial to note that this approach requires extensive research, a deep understanding of market dynamics, and the ability to manage risk effectively.