Once a certain narrative has a clear path for capital outflow, the money won’t be spread evenly like rain across everything—it will only funnel into the one that’s easiest to remember.

So, the true pricing core of this kind of asset has never been cash flow, but rather: how many people haven’t gotten on the train yet.

When trading narrative positions, position discipline matters more than depth of research—and you also have to accept that it could be replaced at any time by the next meme.

So, will you be watching $GSTOCK?