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> This is extremely reckless investment advice. It wasn't investment advice, nor did I say it was a good idea; I'm merely telling you why people choose active
by gnaritas 9y ago
> This is extremely reckless investment advice.
It wasn't investment advice, nor did I say it was a good idea; I'm merely telling you why people choose active investing: they believe they can do better and there's enough stories out there of the "lucky" person who did better to keep that hope alive. In all likelihood they're going to lose their money, but you'll never convince people trying to win a lottery that they're better off accepting they can't. I literally said traders are gamblers, obviously that means I think active trading is gambling, that's not investment advice.