/biz/ - Business & Finance

>have a coworker who gambles on penny stocks
>he's done really well on several and made tens of thousands of dollars
>i keep telling him he should really try splitting his money between multiple potential penny stock winners, instead of putting everything into one fucking biotech meme each time
>try to teach him risk management, taking profit, etc
>he doesn't listen
>he keeps increasing how much he's betting each time
>now he's in a biomeme that he's down like 90% on and is down roughly $50k and it hasn't recovered in over a year now

ngl it feels good. he got lucky with the last one, i hope he doesn't with this one so he finally learns his lesson.