Sharks and Nitwits, name your preferenceFirst, it is useful to be cognizant of how to create arguments that support narratives that have little applicable meaning to what investors do in real life. For example, have you noticed that detractors of YFI only allude to shareholders that have owned this stock for years, have never sold one share, and purchased their stock at historic high prices?
Interesting! Work out the odds of that actually happening in the real world.
Okay, now forget all that including the fact that many existing shareholders may have bought and sold this stock numerous times, some shoeing losses, others gains, including some existing shareholders whose CB is now 0. Some are in for the short term, some medium, and others choose a longer term scenario. The point is, you are a complete nitwit if you expect others to believe a different reality.
Okay, tell me this: who would be the nitwit, and who would be the shark given this scenario: The time frame is 1 year starting from today. You, for your own reasons decided to purchase some stock on Monday for $.05, .55, 0r .06. believing that there was good reason to believe this stock would rally with appreciable volume to $.13 by the end of the year. If it was to do so, and you sold your shares at that price on the last day of the year what would your annual % return be? If sooner, even better.
Your return, your business, and you are competing against no one but yourself. However, if this was a comparative competition and your competitor thought you were a nitwit for doing this, and he was a shark for advising not to, who then would prove out to be the nitwit, and who the shark?
If there is a correct answer maybe the nitwit is the one with no skin in the game, but all mouth, all personal bias, no accountability or listed qualifications, and constantly hiding behind different usernames. There is usually one in every neighborhood, workplace, or other social setting.