🏈 Super Bowl, Crypto and Meme Stock
Super Bowl time again - what is different this year is you won’t see any crypto commercials.
When things are going well, you can re-imagine the money.
When things are going bad, you can have a drink. 🍺
Two years after the Gamestop saga, the Reddit army is still battling with Wall Street. Latest company in action is Bed Bath & Beyond (BBBY).
Whether BBBY is going bankrupt is not important, as long as there is money to be made from the short squeeze. 💸
How do you make of the investment frenzy in recent years?
Last year, I had an opportunity to ask a 30-year investment veteran about the crypto/meme stock phenomena.
Here is one thing I realized after the conversation.
To many, the underlying value is not important, at all.
What is important is whether there are actions and momentum (up or down), hence the opportunity to trade.
That is why value investors are sitting on the sidelines scratching their heads, momentum investors are jumping on the roller coaster for the thrill.
This phenomenon happens beyond investment. Can you relate?
Do you take the risk of being left out, being stagnant?
Or do you take the risk of “crash and burn”?
There is no safe choice.
Choose your risk.