Yes, don’t get me wrong—I get grumpy thinking selling and setting aside a likely CGT bill.
However, I have to imagine a future where I wake up in May and consider what a P3 failure would look like in my account. What would that future self be shouting at me today?"You should have taken your precious capital off the table when you had the chance, you stupid f**ing moron!"*
Meanwhile, my other future self—where P3 is a success—would be saying, "Well, I risked off when it wasn’t needed and had to settle for a few less bags."
Just to fair-warn everyone, starting in February, I will be selling some of my holdings (capital out). While I’ll likely still be talking positively about OPT, I know that might appear disingenuous. However, understand that I’ve been invested since 2023, and I’m simply taking some risk off the table before P3. Have no doubt I will be carrying a lot of shares into P3, just not as many as I hold today.
I eat my own cooking. And it would be morally wrong to say nice things about OPT and for someone to actually in effect purchase shares from me.
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