John McAfee is using some sort of black magic to try to justify not eating his own dick.
Seriously wtf is wrong with people? How have all the rubes willing to buy at that price not lost all of their money already? Also interesting that this coincides with Tesla’s boom, which is also famously volatile.
“investing for the future” should be an index fund of the biggest stocks that you don’t touch for 40 years. If anyone tells you otherwise, they’re selling something
I think it’s reasonable to have like 5% of your portfolio in hedges against the stock market like gold or bitcoin or REITs or bonds or whatever.
Why hedge there when you can buy far dated puts on a stupidly overpriced ipo like doordash. These companies that have demonstrably terrible business models that are propped up by vc money are going to crash hard if it all comes tumbling down AND betting on doordash losing value is likely just a sure bet regardless. It’s a safe bet either way. This is the way I’m choosing to hedge my portfolio right now
