Raoul Pal: Patience, not fear, generates returns

Macro investor and Real Vision CEO Raoul Pal has advised investors to stick to their principles and avoid panicking during market corrections. He noted that many people are currently terrified and in despair, thinking they have ruined everything. Pal urged investors to follow a principle he referred to by the slang acronym DFTU, which advises against making critical investment mistakes. He suggested that if every correction feels like a life-altering crisis, it is a sign that an investor's approach is misguided. Pal recounted his own experience of first buying BTC in the $200 range and subsequently enduring two major losses of 85% and 70%. He also saw a 95% loss on ETH and SOL but emphasized that with proper asset allocation, profits are generated in the long term. He added that when BTC falls 30%, altcoins typically drop by more than 60%, and that BTC has historically averaged more than five corrections of 35% or more per cycle. Pal concluded by advising against borrowing conviction from others and warning that frequent trading is detrimental, reminding investors that BTC has been the highest-returning asset in history.