I was going to write about the Monkey Trap (you can google yourself if you want).
However, I chance upon this YouTube video that's even more power!!!
I'll let you watch without commentary:
How?
Does that not remind you of the group behaviour you see in the investment/trading community?
Notice how the trapped monkeys rushed to the smaller cage in the end?
Can you relate and link this "2nd dip" reflex action to actual examples you may know?
If you share yours; I'll share mine.
Monkeys see. Monkeys do. So Monkey trap works. Any Gorilla trap? Gorilla will break down the trap. No?
ReplyDeleteCW,
DeleteYou trap Gorilla with high heels, chiffon blouse, and tight skirts ;)
You feed the Gorilla's ego by filtering out the 1M65 monkeys with the minimum $2 million threshold.
Never lump the Gorilla with anyone and everyone. It's always about the individual.
Give the illusion of exclusivity by using meaningless but feel-good labels like Premier, Private, Prestige; etc.
Wink.
Hi SMOL,
ReplyDeleteRecently, a blogger lamented about missing crypto and buying the top
However, that blogger measures most things in ROI and have little to no interest in matters that do not financially benefit him.
Like that how to be early adopter?
Unintelligent Nerd,
DeleteI started out as a freeloader copycat too...
Thought I very the smart!
No need put in effort; just profit off others can oredi!
It took me a bull/bear cycle to realise I'm the "menu" when others come smiling with their "To Serve Man" motto ;)
Oscar Wilde once said that "A fool is someone who knows the price of everything and the value of nothing".
If we want to train ourselves to be early adopters, it starts by not getting excited just because someone threw peanuts on the ground!
There's a distinction between old wealth and noveau riche ;)
What's the point if we rich but behave like school during holidays - no class :(
Smol,
ReplyDeletePeace of mind is the way to go as per my perspective.
Wtk
WTK,
DeletePeace be with you.