The three musketeers of speculative euphoria. ( Terrible businesses, terrible investors)

Leopold Aschenbrenner is a mere archetype of financial folly. He is the latest victim of hubris, ego, and utter ignorance so typical of speculative euphoria.

I tried to showcase 2 more market booms and busters who briefly rose to fame during the boom and fizzled soon afterward. There is a common theme across the board:

They picked horrible companies.

The bigger question outside of the Aschenbrenner’s fund being shut down is for us to ponder: Is this an ominous sign and should investors take it as a signal of market top?

The narrative is too focused on his exit and on other aesthetics. No one is discussing the quality of his portfolio and the true worth of these securities.

The vast majority of these companies are terrible businesses. Some are utter frauds even.

I seriously believe Investors ought to read this as an opportunity to exit or trade accordingly.