There's a fine line between conviction and just being stubborn.

Murad's public wallet went from $67M to ~$11M. Down 80%. Still 97% in $SPX. Hasn't budged.

Most people would've diversified by now. He doubled down.

Sure, the best trades in history looked insane before they worked. But plenty of concentrated bets also went to zero.

The tricky part? You won't know which one this is until it's way too late to do anything about it.