According to Eric Balchunas, speculative 'hot sauce' trades are a personal choice but will probably lose money over the long term, highlighting their entertainment-like nature rather than consistent profitability, source: Eric Balchunas on X, Nov 11, 2025. According to Eric Balchunas, the same caution applies to stock pickers, Big Short-style bearish bets, sports betting, and Vegas gambling, indicating a high likelihood of negative long-run outcomes for these high-risk strategies, source: Eric Balchunas on X, Nov 11, 2025. According to Eric Balchunas, while crypto was not mentioned directly, his guidance is relevant to retail behavior in high-volatility markets where similar speculative dynamics often appear, source: Eric Balchunas on X, Nov 11, 2025.