Cameron Passmore

Yeah, that makes sense.

Don't just ignore something when a $2 trillion company is about to IPO.

Pretty substantial event.

And hope that they're right.

You have to make that bet ahead of time without knowing the historical data on that particular investment.

In summary, there's three different strategies that each come with their own trade-offs and no one way is necessarily more right or wrong than the other.

It's just trade-off that investors have to accept.

This comes up all the time.

Investor discipline is key.

There's so much noise that comes up.

Right now, we're talking about these mega IPOs, but tomorrow would be something different.

Next week, next month will be something different than that.

But if you're constantly looking for the edge or the downside to protect against, you're probably going to end up worse off if you keep changing and adjusting your strategy.

It's better to just remain disciplined to a tried and true strategy that you're committed to for the long term.

Yeah, it just shows the power of sales and marketing.

When you hear about these different offerings, fund managers are actually just preying on the desires and interests of investors and creating products that make it sound attractive, but they're either high fees, hard to access, or like this ETF you gave an example of,

are going to result in an undesirable outcome.

Obviously not guaranteed.

Some people get lucky, but product manufacturers design things like this in a way to profit themselves.

Sometimes it benefits the investors, but unless you pick the right one at the right time, you're probably going to be worse off.