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Super wise gentleman, thoughtful speaker, inspirational story... not always right though... Trading stocks, or active investment is important for the ecosystem,
by jppope 8y ago
Super wise gentleman, thoughtful speaker, inspirational story... not always right though... Trading stocks, or active investment is important for the ecosystem, and having people learn hard lessons like not to gamble with money they can't afford to lose is equally valuable. Free Markets depend on willing participants, and progressively greater efficiencies (including in investment)
Epsilon Theory has a couple of notes regarding Berkshire => e.g.
- https://twitter.com/EpsilonTheory/status/1098596558495453187 https://twitter.com/EpsilonTheory/status/1098596558495453187
- [thread] https://twitter.com/EpsilonTheory/status/1096360266416209920 https://twitter.com/EpsilonTheory/status/1096360266416209920
- longerthoughts 8y ago>Trading stocks, or active investment is important for the ecosystem, and having people learn hard lessons like not to gamble with money they can't afford to lose is equally valuable. Free Markets depend on willing participants, and progressively greater efficiencies How do ignorant investors making senseless trades and learning "hard lessons" improve market efficiency?