Ann: Resignation of Non-Executive Director, page-27

Time is of essence. When asset prices go up, it’s not overnight.

If it was overnight, then an asset can 10x 5 days straight in a single trading week. That would be 100000x in a week.

Even Bitcoin took 10 years to 10m x from 0.01 to 100000. what you don’t see or experience unless you bought the bottom and held until now is:

1. The pain of riding it’s volatility.
2. The pain of holding
3. The higher the asset price goes, the more trouble you are in. If you are 100k in ZMM now. It look stupid now. But you only have 100k to lose. It 100x. You suddenly 10m to lose.

Moral of the story. Even if this stock 100x, and you sold at 1x profit. You sold at a 1x profit because that was the easy way out. That’s what most people do. That’s what most people think they can afford to do. No pain. No gain.

Just look at Binance. 7000x in 3 years. I kid you not. That’s nothing compared to Bitcoin. But if you sold at 1x up, you would be 6999x down 3 years later…