The most common mistake smart investors make is not having a clear game plan. To build a solid strategy, write down your criteria for making a decision, then stress-test it against history. Every time you make a decision, go back and ask: “If I made that decision under these circumstances in the past, how would it have worked?” Knowing the track record of your decision-making criteria gives you a much deeper understanding of how things actually work. Credit: Sam Parr, Shaan Puri, and My First Million #Investing# #Principles# #RayDalio# #FinancialWisdom#

Here’s the holy grail of investing: Find 15 good, uncorrelated return streams. If you look at the math of diversification, getting out to 15 uncorrelated streams allows you to reduce about 80% of your risk without reducing your return. That increases your return-to-risk ratio by a factor of five—giving you the upside without the downside. Credit: Sam Parr, Shaan Puri, and @myfirstmilpod #RayDalio# #Investing# #Diversification# #FinancialWisdom#

“it’s just UPNL” “they can’t sell” “it’s not real money” the cope is unreal these tokens are at $750M, $300M, $200M. they have binance spot listings. robinhood spot listings. hyperliquid perps. binance perps. $100M+ in daily volume you really think someone holding 1% of a $300M token with $100M daily volume can’t exit? they could sell their entire position in an hour and nobody would notice this isn’t some illiquid shitcoin on a dead chain with $2K in the pool. these are tokens listed on every T1 venue in crypto with deep orderbooks and real volume a $5M PnL on pons at $600M mcap with binance listing is realisable a $2M PnL on a $200M token on every major perp and spot exchange is realisable a $1M PnL on a coin doing $50M daily volume is realisable the people saying “it’s just UPNL” are the same people who didn’t buy. this is not analysis. this is a mix of cope and jealousy dressed up as financial wisdom these are real PnLs. the exits exist. the liquidity is there. the venues are there. the volume is there they can sell. they’re choosing not to. that’s called conviction. something the timeline forgot existed