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Feb 14
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AVOID
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Kyle Grieve
Host, The Investor's Podcast / Millennial Investing
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"I personally have never invested more than a few minutes into SPACs... A SPAC really is pure speculation." SPACs have structural asymmetry where creators receive discounted shares (often 20% of the float) and are incentivized to close *any* deal to get paid, while retail investors bear the risk of the business failing. Avoid these speculative vehicles; wait for the merger to conclude and assess the operating business on its own merits. Missing out on a rare successful SPAC merger (considered a low probability by the speaker). |
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