How the Two Dirty Words of Investing, Due Diligence and Patience, Will Grant You Success While Everyone Around You Fails
Do your due diligence. Everyone hears these words, but because of the “cut corners, let someone else due the work, get rich with no work” mentality that exemplified the investment rules of an asset class that will never be repeated – cryptocurrency rules during its mania phase – no one today seems to understand what these two words actually mean. In a future podcast, I discuss the death of critical thinking and of the rigorous scientific process (i.e. there was literally no science in all the lies disseminated about Covid for years, and still, millions consumed and blindly obeyed political and financial, not health driven mandates, and worse yet, assumed a social justice warrior stance against anyone capable of thinking for themselves). Given my neurobiology academic background, it required all of ten minutes for me to understand that many of the narratives used to enforce Covid lockdowns were complete nonsense with zero scientific basis, and in fact, I made many podcasts about this subject matter (released on my Rokfin channel) when the vast majority of people believed the lies we were all ordered to believe that any rational, intelligent person now understands were complete lies.
The Lack of Due Diligence at Times in the BTC Community
In today’s world of finance, in which many among us have been falsely convinced that we can get rich with zero to little work, many believe that conducting due diligence consists of listening to YouTube analysts explain how we all can become millionaires if we simply act now and buy a particular asset. For example, how many of those HODLing BTC since 2021 that were encouraged by social media analysts to buy on all the price dips to $65k, $60k, $55k, $45k, $40k etc., do you think actually…