Steady Lads #40: What It's Like To Lose $130 Million in 4 Days w/ Ran Neuner
Steady Lads
Overconcentration in an asset is risky
The speaker believed in Luna as the future of money, leading them to allocate over 50% of their portfolio to Luna and related projects. However, when Luna collapsed, the speaker lost everything they had invested in Luna, amounting to over $130 million in just four days. This experience highlights the risk of overconcentration in a single asset, as it can result in significant financial losses and leave the investor feeling helpless.
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