In this case, taking off a couple hundred grand and buying a Ferrari (rather than leaving in Celsius) would have been the smart move. At least you’d hold the keys to the Ferrari.
Heh, fair enough. There's a whole chess game with these sorts of things. I think it's probably very good advice to try to take a little money out of any investment before adding more to it, but it's also documented that con artists and pyramid schemes will sacrifice part of their take to maintain the illusion. Some investors get to take money out, so that the rest of the marks think they are going to get the same treatment. Or with a confidence scheme you might make a little money in step 1 and 2 and then in step 3 their phones are disconnected and they have skipped town.
[Edit] It does piss me off though how common the conceit is, "Well if I'd held my AAPL stock until last year I'd be a millionaire". That's not how investments work. You don't let the money ride forever on one bet. You sell it bit by bit to balance your portfolio. Nobody responsible in your life would let that go without energetic commentary about what a bad idea it is.
[Edit] It does piss me off though how common the conceit is, "Well if I'd held my AAPL stock until last year I'd be a millionaire". That's not how investments work. You don't let the money ride forever on one bet. You sell it bit by bit to balance your portfolio. Nobody responsible in your life would let that go without energetic commentary about what a bad idea it is.