That’s typical for those sucked into overvalued momentum stocks.
They think they “know” it’s going higher and they’ll “know” when to get out. Yet they have no system. Their system is, “its been going up, so it’s going to keep going up”.
So he loses the price of a good car, due to ignorance. Had he have spent $17, he could have educated himself and saved a ton of money. A lack of wisdom in that area.