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Crazy how this comment section fixates on bitcoin which was the subject of maybe 2 pages out of a 23 page report. His points on flagrant debt purchases (Argent
by daxaxelrod 9y ago
Crazy how this comment section fixates on bitcoin which was the subject of maybe 2 pages out of a 23 page report.
His points on flagrant debt purchases (Argentina's), levered tech funds (Softbank's) and passive etf investing were quite good. ETFs, while a macro good, has underlying securities being purchased regardless of price.