In simple terms, the speaker acknowledges that they have sold some shares of Twitter but still holds onto more than they probably should. They are candid about their actions and mindset, suggesting a mix of prudence and stubbornness in their approach to investments.
The deeper meaning behind this quote reflects the complexity of decision-making when it comes to financial investments. The speaker conveys that while they recognize the importance of being cautious with one's assets, there is also an element of reluctance or hesitation to fully divest from a risky investment. This insight into human behavior highlights the often contradictory nature of financial decisions and the challenges in balancing risk and reward. It also hints at the psychological aspects involved in holding onto losing investments, such as hope for a turnaround or fear of making a mistake.
The quote is attributed to Chris Sacca, an American entrepreneur and venture capitalist known for his significant involvement in successful tech companies like Twitter and Uber. His candid remarks resonate with both professionals and casual investors alike due to their relatable nature regarding the complexities of investment strategies and human psychology.
