If You Don’t Understand NFT’s, Don’t Buy Them…
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Here is some very important advice. Pay very close attention, OK? Be very close attention. This is some of the most important advice you can ever get when it comes to investing. You don’t get it, don’t buy it. Don’t buy it. When I’m asked to say, you know, some of the best investments that you guys have made at Markowski Investments over the years, the best ones are the ones that we do not do.
Um, I saw this today. I forgot about this. This was all the rage a couple of years ago. Board Ape Yacht Club. You know, those non fungible tokens that we’re selling for millions of dollars back in 2021. Yeah, they’ve collapsed by, I don’t know, 95 % plus at this point in time. I remember I was at, I was at a lacrosse tournament the summer.
with my son, I think it was the University of Massachusetts, yeah, we had it up there, and somebody recognized me and approached me about this and, well, you gotta get involved, and heavily involved in this, and this is what it’s gonna be worth, and it’s all this, and they’re trying to explain this thing to me, and I’m saying to myself, you want me to invest in digital pictures of apes, cartoon apes?
Oh yeah, and again, you know, this person’s explaining this thing to me and I got this fog over my head. There was a, I’ve mentioned this before, there’s a great scene in the movie, Big with Tom Hanks, where he put that character, Josh Baskin. And he’s sitting there and having this meeting, he’s a kid in a man’s body, if you’re not familiar with the movie. And he’s at this little meeting of all the minds at the toy company and they’re talking about the latest toy.
And you get some Ivy League executive, you know, NBA type there explaining the wonders of this new toy that they’re coming out. That is a building that turns into a robot. And, you know, Tom Hanks, Josh, he raised his hand. He’s like, excuse me. Excuse me. He’s like, I don’t get it. I don’t get it. He’s like, you know, like I was like, what do you mean you don’t get it? Well, how is this fun? Um, how is this an investment?
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A digital picture of an ape, different kinds of apes doing different things. People lost a fortune on this, but again, I’ll go back to Tom Hanks, the Simon and Forrest Gump, stupid is as stupid does. Watchdog on wallstreet .com.