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> That sounds like a great plan if you're not going to be a retiree in a few decades. Maybe you plan on dying early? No, I'm saying investing while things are
by ConceptJunkie 8y ago
> That sounds like a great plan if you're not going to be a retiree in a few decades. Maybe you plan on dying early?
No, I'm saying investing while things are hot, and selling before it cools down is a way to maximize profits. It doesn't require sustainability. There are a ton of millionaires from the Dot Com boom in the early 2000s that got theirs and got out before the bubble broke. It works; it just leaves a _lot_ of collateral damage, so it's not a moral thing to do. But it works. That was my point.
> Teaching people how to kick someone when they're down isn't rational. It just means that you're going to get kicked when you're down, too.
There are a lot of rich people that would laugh at this. I'm not saying it's good, I'm saying it's rational.
- mcphage 8y ago> There are a ton of millionaires from the Dot Com boom in the early 2000s that got theirs and got out before the bubble broke. And there's a lot of not-millionaires who tried that and missed the window by that much. > But it works. That was my point. It works sometimes. But it's unreliable. Maybe you get lucky, and maybe you don't. That's not being rational, that's just plain old gambling. Some people became millionaires from scratch-off tickets, too.