I get asked a lot what robotics plays Iโm in besides $CODEC.
Answer: none so far.
If I believe robotics is the next AI style meta with the potential to run into the billions, and if I see Codec as the ai16z/Virtuals of the ecosystem, why would I allocate capital and more importantly, conviction, to my second best idea?
My trading style is closer to Jezโs, where I full port my highest conviction plays. That means Iโve had some horrendous round trips, but Iโm not here for average returns.
Full porting forces accountability, you canโt hide behind a basket of half baked bets. That mental clarity is part of your edge.
If you show up to this industry everyday, your objective is to take outsized risk and swings which can land you generational wealth if correct.
The problem is most traders โbest ideaโ arenโt actually great. When you full port mediocrity, you blow up.
Diversification only makes sense once youโve hit liquidity constraints in your main project. Even then, unless you own 3-4%+ of the supply, I donโt think itโs a real issue (you can always OTC anyway).
Over the past year, onchain has proven that rotations are getting faster and faster. Even if robotics becomes the grand narrative Iโve been calling for months, only the top projects will attract the mindshare and liquidity required to deliver life changing outcomes.
Leaders have always been the kingmaker trades and chasing betas hasnโt worked for 9 months now. There just isnโt enough active liquidity.
History shows the majority of generational returns accrue to the top 1-3 projects in a sector. Robotics wonโt be different.
The fastest horse is the fastest horse.
