brock on Nostr: The 80% drawdown is critical. For the class of ‘21, who had their first large ...

The 80% drawdown is critical. For the class of ‘21, who had their first large position established on the way up, held all the way down to $16k and stacked aggressively, every other class has experienced a euphoric return on those investments (even the initial ones). Class of ‘21 is barely above water on their first large allocations, after 4+ years. Totally different psyche than any other class.