The IPO market is heating up, and with it comes the return of speculation, hype, and the belief that every new ticker is the next great fortune. While some of these companies may become incredible long-term investments, investors must separate great businesses from great entry prices. Massive IPOs are attracting institutional money, retail enthusiasm, and nonstop media attention, but history shows that excitement often arrives before discipline leaves.

This episode explores why patience is an investor's greatest advantage, how capital rotates through markets, and why compounding beats hype. Own the damn stock, but don't let the casino convince you that gambling is investing.