"Be greedy only when you genuinely know you are right Reflecting on the Tudor Mallorca trade and his own 2020 Bitcoin purchase, Raoul Pal identifies a rare but decisive skill: knowing when the evidence is so overwhelmingly in your favor that holding back is the mistake. George Soros, Stan Druckenmiller, and Paul Tudor Jones all describe this same moment — 'knowing when to be greedy' — and all emphasize it cannot be manufactured or chased. Pal's warning is equally sharp: 'God, chasing that thing — if you're not careful, you'll go bankrupt doing that.' The actionable discipline is to pre-commit to a checklist of conditions that must be met before you scale a position, so that genuine clarity and manufactured excitement can be told apart. Source: Raoul Pal, Real Vision, Best and Worst Trades with Raoul Pal"