How do I know when “everyone is doing it?” Simple. When there is irrational exuberance about any investment that pervades Team Consumer—the general populous—that's when I know it is time to GET OUT AND STAY OUT. When the plumber comes over to fix the toilet and raves about his three cryptocurrency shitcoins that have appreciated 50% in the last three months, it's time to get out and stay out. When your personal trainer raves about his meme stock portfolio that earned 60% in two months, it's time to get out. Dumb money—EVERYONE—always shows up at the end of a boom. Who is dumb money? Consumers!
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