Please do the world a favour and contain your exposure. Be safe, that helps in being good.
>>2300824
*with being good.
>>2300974
Thanks for your reply. I read on this board from time to time and now I see an urgency and a responsibility to remind some readers of the concept "bubble", aka irrational exuberance.
You may have risked only your life savings. I want to remind you,that a 99% loss afterwards needs a 10000% gain to break even.
Ridiculous gains encourage offers and acceptance of ridiculous loans and ridiculous leverage, with possible catastrophic outcomes.
>>2301204
And to close my part in the thread:
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."
Warren Buffett