Eric Siu explains why most Web3 investors fail: they don't stay patient. Pick a few assets you think will last 10+ years, then wait. Market crashes expose the overleveraged players who panic.
Only when the tide goes out, when you can see who's swimming naked. Meaning that people that have overleveraged, they've kind of overcommitted. And so the best investors in the world, they're patient, they wait. And that's like the most unsexy thing. Like if you were to say, you go to like an investing class and they're like, what's the most important thing you can do in investing? Pick like a couple assets that you think will be around in 10 years and wait.
