Josh Brown
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
So that's why when the ETFs came out, there's a thing called a silent IPO.
A lot of individuals sold and ETFs and corporations bought in the past year.
That's sort of what caused the drawdown.
And some people call that a silent IPO.
So some of these OGs that had like a lot of money, probably they're like 35 now.
And maybe they have a partner.
Maybe they're getting a mortgage.
So they're like cashing out a little bit.
I have no problem with that.
That's just like getting early in Facebook or something.
Like you earned it.
Because to survive those drawdowns… No, they earned it.
When that's your whole asset, by the way.
They earned it.
A lot of them aren't in anything else.
They earned it.
And they survived that.
It's a good question.
Again, when something's going down like 70, and I think it went down 80% at one point,