Larry McDonald

It's easy to say on a Bitcoin chart or a meta stock chart, or especially, NVIDIA is very similar.

It's easier to look at the long-term chart and say, wow, I should have bought 10 years ago.

To me, that's all bullshit.

If you're 30 years old,

you've got a beautiful fiance.

She wants to buy a house.

These kids buy these stocks and they buy Bitcoin and they say, oh, I'm going to hold forever because they see the chart and the book, you know.

And it's like such BS because nobody can weather that 70% drawdown.

So Mark Zuckerberg and Jensen, so Facebook and Meta,

told us in 2022 that the metaverse chips and the AI chips, I'm sorry, and the crypto chips were the future.

So right before the biggest AI boom in history, Jensen wasn't buying any stock back.

These guys were convinced that meta chips, metaverse chips, and crypto chips were going to be the future.

And then they flipped it.

They brilliantly flipped it in 22 into 23.

I'll give them credit for that.

But they blew up investors in 22.

Mm-hmm.

Like 70% drop.

But Zuck, if you look at what Zuckerberg did brilliantly, he looked at his employee base, fat, dumb, and happy.

He cut the fat, similar to what Elon did at Twitter.