I love the disruptive optionality on the blockchain
COIN $Coinbase Global, Inc.(COIN)$
- Held since shortly after IPO, added more in early 2023. Added to the Asymmetric Portfolio in June 2023.
- I love the disruptive optionality on the blockchain and its status as the "adult in the room".
Keep in mind:
Bear Stearns failed in March 2008 when unemployment was 5.1%
Lehman Brothers Failed in September 2008 when unemployment was 6.1%
The stock market bottomed in March 2009
Unemployment peaked in October 2009
There's a lag between the catalyst and the outcome.
Let's celebrate some wins!🥳
📈 What investing wins do you have that you're proud of right now?
Ticker, holding period, and why do you love it?
What mistakes did we make in 2021?
1. Paid high P/S multiples for unprofitable companies.
2. Overlooked high sales, marketing, and SBC costs.
3. Saw WFH as a never-ending growth driver in tech.
What mistakes are we making in 2024?
https://twitter.com/TravisHoium/status/1763293792616980622
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