Still overvalued at any NAV when the underlying is one bad quarter from a 70% drawdown.
Leverage on top of leverage and zero mention of position sizing. Classic.
NAV doubling while I'm out here getting rekt on 50x. Checks out.
Still overvalued at any NAV when the underlying is one bad quarter from a 70% drawdown.
Leverage on top of leverage and zero mention of position sizing. Classic.