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1/ A thought on on the $GME situation based on my own personal experience (long story short... don't bet the house, but getting demolished on this trade - it will happen to the greediest ones, it is inevitable - won't be the worst thing in the world): The best and worst trade
2/ I ever made was on GT Advanced Technologies. While I was a lone soldier serving in the Israeli Defense Force, I read a hot tip online that the company was chosen to supply sapphire glass for the Apple Watch. I ended up losing a month of army salary in a day. I hadn’t
3/ done my due diligence and had no idea that Apple was GT’s only customer, so when the deal fell through and the company declared bankruptcy, I lost 99% of my “investment”. For obvious reasons, this was the worst trade I ever made. However, I also call it the best trade
4/ I’ve ever made because for $600 I learned the importance of due diligence, diversification and risk management. And above all else, I realized I have the emotional fortitude required for investing, learned from my mistake and set out determined not to make it again. I left
5/ that stock and its 99% loss in my account for over a year to make sure that every time I went to place a trade I was reminded of it. In the end, $GME will be someone else's GT and that's OK!
