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the right checks and Oh You Throw Balls That’s Cool I Throw People Shirt the previous march or by forecasting a fall of the same size in the following quarter but here’s the thing if that forecast turned out to be wrong and sales bounced back the business still kept the money there was no obligation the struggle is probably the most profound two pages in all of entrepreneurship and it’s true and it’s hard that’s a great book um so going back to investing I want to lay out for people that might be new to this they’re not seasoned investors the idea of dollar cost averaging was extraordinarily comforting to me um and i’d love to go into what it is why it’s useful and whether you think that applies to what’s happening in crypto so there’s a mythology of investing the mythology is investing is hedge fund manager george soros spots the opportunity gets in at the right price makes a fortune the reality is most people have no idea where the price is going over a short term so what happens is you buy something you put all your money in you’ve saved up your 5 000 bucks you put it all into bitcoin bitcoin falls 50 you panic you sell it you feel terrible bitcoin goes back up again you feel even worse now you can scrape together you know you’ve you’ve lost you
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