Dan Pena
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we'll see what those numbers are two years into the bear market.
But the idea is to keep it 15, 20 years and not trade it.
Most of the guys and the kids that I know are trading, and most traders at the end of their career, save two or three, don't make any money.
It's like with Bitcoin, which I'm not in favor of, but when Bitcoin hit $117,000 the first time about three years ago, I said, I'm not in it, but if I were in it, I'd sell a third, keep two thirds.
And it hit in the hundreds of thousands.
Two more times I said, sell a third, keep two thirds.
And so now you have about an eighth or a sixth of it left, but you'd still have the benefit of that bull market.
But most of the kids, they read two books on trading.
and they think they're traitors.
And I tell you, or I tell anybody that will listen, there are a lot of books on sex, right?
Thousands and thousands.
Is any of those books as good as getting laid?
The answer is no.
They're not, Dan.
Huh?
They're not.
Okay.
Very, very deep.
There's two people that would benefit from the collapse of the financial markets in the U.S., China and Russia.
And three or four years ago, China banned it because it was making their economy collapse, not ours.