Odaily Planet Daily reports that Three Arrows Capital (3AC) founder Zhu Su posted a statement saying that based on his past experience, “selling at the top” is often riskier than selling during a decline because the excitement of successfully catching the top can easily lead to premature re-entry and overconfidence.
Zhu Su further pointed out that he suspects Garrett, after earning hundreds of millions of dollars from the 10·10 incident, may also have been influenced by similar hubris, leading to taking higher risks in subsequent trades.
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Zhu Su: Selling at the top is often more dangerous than selling during a decline; overconfidence can lead to counterproductive actions.
Odaily Planet Daily reports that Three Arrows Capital (3AC) founder Zhu Su posted a statement saying that based on his past experience, “selling at the top” is often riskier than selling during a decline because the excitement of successfully catching the top can easily lead to premature re-entry and overconfidence.
Zhu Su further pointed out that he suspects Garrett, after earning hundreds of millions of dollars from the 10·10 incident, may also have been influenced by similar hubris, leading to taking higher risks in subsequent trades.