3 ms·
Thats a problem for the greater fool down the line. Not me though i'm too smart for that.
by throwaway2048 8y ago
Thats a problem for the greater fool down the line. Not me though i'm too smart for that.
- branchless 8y agoThe problem is because it's rentier activity it's wealth appropriation rather than wealth creation. When wealth is created everyone is richer. When wealth is appropriated for every winner there is a loser - zero sum game.
- quickben 8y agoPretty much the general attitude. But the scary part is that most are basing their retirement on this one-asset strategy end-all investment approach.