Comment Comment by purple_ferret Jim Cramer recommended getting in on Meta around 220 IIRC and then it dropped over 50% and he cried because on his recommendation people lost half their investment.Exiting at a loss is often the 'smart' call.Bill Ackman did basically the same with Netlfix for a 400 million dollar loss: https://variety.com/2022/digital/news/bill-ackman-sells-netf...He'd be up huge if he held, but he 'paper handed'. Is he a dumb guy? parent purple_ferret 2 years ago
Exiting at a loss is often the 'smart' call.
Bill Ackman did basically the same with Netlfix for a 400 million dollar loss: https://variety.com/2022/digital/news/bill-ackman-sells-netf...
He'd be up huge if he held, but he 'paper handed'. Is he a dumb guy?