well said by the legend, rt-ing w google translate:
“The biggest secret in VC investing is that the best investment will often outperform the rest of the fund combined.
- Peter Thiel, Zero to One
1/ It is said that most of the startup projects that VC invested in failed or suffered huge losses. Nevertheless, VC is able to operate without major problems because a few small stocks hit a home run of 10x or 100x.
2/ If you stay in the coin market for a few years, you will see stocks that have risen hundreds or thousands of times from their lows in every rising cycle.
‘Wow… how can you catch something like that… what are you thinking… what do you have to do to catch something like that in the early stages… and even hold on without cutting it… to eat hundreds, thousands of times more…’
I used to think like that all the time.
3/ Then I realized that to hit a home run, you have to hold the bat long.
4/ Most of the AI agent projects now will fail and fail. So it is a good strategy to sell safely when the time comes.
However, there are no home runs from people who hold the bat so short.
5/ The strategy I use with the genesis launches, a very low risk betting tool, is to hold the bat long and swing whenever a near free pitch is thrown.”