James Wynn: Lessons from excessive leverage and uncontrollable experiences

Hearth Chain News reports that crypto trader James Wynn stated in a tweet that he never viewed things in life as mistakes or failures, always able to learn from them. A recent lesson involved turning $3 million into $100 million, only to lose it all due to uncontrollable circumstances, allowing the world to witness it. He pointed out that excessive leverage and an obsession with external attention led to the eventual loss of control. He wouldn’t change what has happened; if given a chance to do it again, he wouldn’t want to forfeit such a lesson, believing that money is infinite and omnipresent. Regarding those who cheer him for making $100 million or mock him for his failure, he believes they are completely unable to see, feel, or earn $1 million. He also mentioned that wealth distribution is often concentrated among a few, with 1% of people holding 99% of the wealth, as the rich get richer while 99% feel powerless.