COIN - Crypto Investing Wisdom: Insights From Coinbase's COO
2024-06-01 11:41:00 ET
At a recent technology, media, and communications conference managed by JPMorgan Chase , Coinbase (NASDAQ: COIN) COO Emilie Choi made a remark that should resonate deeply with seasoned investors and newcomers alike.
When asked about the current stage of the crypto cycle, she dodged the question with a brilliant insight: "So I am smart enough not to prognosticate about where we are in the cycle because I'm sure I'll always be wrong."
This was just a throwaway line at the start of a fireside chat, and the conversation soon moved on to a detailed analysis of the current crypto market. But it stuck with me long after clicking away from the broader presentation. Choi's self-deprecating nugget of wisdom underscores a critical lesson in every form of investing: Trying to time the market is the wrong kind of fool's errand.
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Crypto Investing Wisdom: Insights From Coinbase's COO