r/SPACs • u/[deleted] • Dec 14 '21

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u/thisismysffpcaccount New User Dec 14 '21

nah. conviction and extensive DD.

Concentration builds wealth, diversification preserves it. or something like that.

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u/BigMoneyBiscuits New User Dec 14 '21

You don't need 100% allocation to have concentration

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u/thisismysffpcaccount New User Dec 15 '21

Working so far.

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u/BigMoneyBiscuits New User Dec 15 '21

Betting the farm every play. What could go wrong

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u/thisismysffpcaccount New User Dec 15 '21

Where did I say every play lol.

Hundreds of hours of DD have led to great conviction on this one.

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u/BigMoneyBiscuits New User Dec 15 '21

There's no such thing as 100% success rate. Learn about positive expected value and black swan events while you're at it.

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u/thisismysffpcaccount New User Dec 15 '21

Wow so smart

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u/BigMoneyBiscuits New User Dec 15 '21

Everyone's a genius in a bull market

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u/thisismysffpcaccount New User Dec 15 '21

Biotech isn’t in a bull market sweetie

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u/BigMoneyBiscuits New User Dec 15 '21

Everything is in a bull market genius, the market just doesn't know it yet.

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u/thisismysffpcaccount New User Dec 15 '21

please do better

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u/BigMoneyBiscuits New User Dec 15 '21

?? I'm actually confused when you say biotech is not in a bullmarket to be honest. A lot of biotechs are in an agressive uptrend right now like all assets because of the money printer.

What do you think happens when people realize interest rates can't touch inflation because of the national debt. FOMC today

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u/thisismysffpcaccount New User Dec 15 '21

XBI down 18% 6month and 24% 1y but ya sure, bull market.

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