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Risk management by cycle stage: maximum aggression early, reduce leverage deeper into cycle.

From Meta's Redemption Arc: Wall Street Is Buying the Muse Hype · jumps to 22:52 · speech

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One thing that I want to instill in my brain is what Bitcoin Charlie said, we become less risk a verse further into the cycle we get. Well, it's backwards, right? GCR had a really good quote about this. Early in the cycle, right, if we're, if we're here, like, if we're, if we're here, this is the best risk reward place to be maximum risk on. Leverage, altcoins, meme coins, long tail. This is the best RR spot to do all of those things.
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