source avatarOmid Malekan

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In crypto, we pioneered the wizbang 25 year old phenom who latched onto a bullish idea early, wrote eloquently and repeatedly about it, started a fund with no prior experience, had epic returns on small AUM, raised far more capital, turned into a thought leader and KOL, levered up at the top, was lionized as the second coming of Soros, had a massive drawdown, acted like this was normal and the idea was still sound, ended up vaporizing far (far) more investor capital than they ever earned, but defended themselves as “up 1000%” since inception. Some of them still go around like this was all normal and they should still be lauded for having been bullish on some coin before everyone else. FWIW we don’t celebrate such people a couple of years later. We either scorn them or feel sorry for them. The game is not discovering a bullish idea early. It’s generating positive results for your investors on a consistent basis. If you fail at that on a larger scale than 99% of your peers, you have failed.

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