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This belief that Wall Street is always correct is exactly what caused the previous economic crash. Speculators don't care about a correct investment decision is
by lanevorockz 10y ago
This belief that Wall Street is always correct is exactly what caused the previous economic crash. Speculators don't care about a correct investment decision is about riding the trends. If people are buying, it doesn't matter if you don't agree .. you have to buy as well it works as a hedge.
btw, don't say " for the non-finance people " -> it's very arrogant and bankers are already hated as it is.
- sidereal1 10y agoThere's a lot more to finance than "evil bankers"
- lloyd-christmas 10y ago> This belief that Wall Street is always correct is exactly what caused the previous economic crash. This is the easy over-simplification that makes for a convenient blame-game. > Speculators don't care about a correct investment decision is about riding the trends Speculators != Investors. > If people are buying, it doesn't matter if you don't agree .. you have to buy as well it works as a hedge. No. If other people are buying, you can sit there and do absolutely nothing. > btw, don't say " for the non-finance people" No. I'll go ahead and target my explanations to the exact people who may not understand the topic being discussed. If you feel like you're being looked down upon, that's your insecurity, not my problem.
- lanevorockz 10y agoI forgot Microsoft actions are beyond criticism. Let's buy shares.
- evanws 10y agoThat's not even remotely what he's saying. Come on dude.
- lanevorockz 10y agoHacker News how far are you sinking ? Is it time to give up on you ? You can see it's the same person with an alternate login. Social media is slowly becoming the biggest confirmation bias factory, facts became totally irrelevant in discussions.