$LAB Today’s plunge of 24.4%—and finding this old news piece makes it feel quite interesting.
In the mid-20th century, global academic elites believed that newly independent India, still in its early days of rebuilding, had no capability to pursue modern science. Then a scholar named Devendra Nath Mishra simply walked straight into Europe’s top mathematics hall and slapped everyone in the face.
This feels a bit like $LAB ’s situation now. After the big drop, many people started to doubt whether the project is any good. But if you think about it, stories that are truly valuable have never been smooth sailing. When India was being written off, the people who really understood chose to bet on scientists who were willing to go toe-to-toe.
Now that $LAB is down 24%, the panicked have already fled. What’s left is either pretending not to care or reassessing whether this project has the same grit as that Indian scholar back then. I don’t think a big plunge automatically means a death sentence. Sometimes, when market sentiment gets extremely extreme, it’s exactly when it tests whether a narrative is genuinely tough or just posing.
Let’s keep watching—$LAB ’s cards haven’t been fully revealed yet.
In the mid-20th century, global academic elites believed that newly independent India, still in its early days of rebuilding, had no capability to pursue modern science. Then a scholar named Devendra Nath Mishra simply walked straight into Europe’s top mathematics hall and slapped everyone in the face.
This feels a bit like $LAB ’s situation now. After the big drop, many people started to doubt whether the project is any good. But if you think about it, stories that are truly valuable have never been smooth sailing. When India was being written off, the people who really understood chose to bet on scientists who were willing to go toe-to-toe.
Now that $LAB is down 24%, the panicked have already fled. What’s left is either pretending not to care or reassessing whether this project has the same grit as that Indian scholar back then. I don’t think a big plunge automatically means a death sentence. Sometimes, when market sentiment gets extremely extreme, it’s exactly when it tests whether a narrative is genuinely tough or just posing.
Let’s keep watching—$LAB ’s cards haven’t been fully revealed yet.