Fact: I’m spending more time reading/blogg about bccy. Years ago, I diddn’t bother, then I blocked out the “radiation” of news story from friends and mass media.
I feel bccy trading is dangerous, comparable to gambling, addictive gaming, and speed driving. However, it’s increasingly difficult to stand back and stay detached.
I tell myself no to try even a small amount. The small amount could increase my confidence. The experience could easily lead to additional, bigger investments, but (most parts of ) the bccy /ecosystem/ is fundamentally flawed in many ways. Given my conviction about the flaws, I will not want to open the pandora’s box.
— Compare: Speed driving gave me a false sense of confidence. I learned from experience that it felt “not so scary” to drive at those speeds, but my experience was very limited and probably misleading.
— Compare: HY/PE… The earlier “successes” give investors confidence, and many of these investors would increase their commitment, at their peril
— Compare: Cambodia rEstate .. earlier “successes” increased my confidence, which led to dangerously high concentration in Phnom Penh. This thought has prompted me to compile a ranking of my assets by safety/resilience against swan events:
- cpf, SGD and USD cash
- hdb home
- Beijing house
- BGC, despite the weak currency
- U.S. stocks including 401k
- thePeak