4 ms·
Reminds me of Aswath Damodaran´s china bit: "When in doubt, use China. It´s gonna make you look smart while saying absolutely nothing"
by wesammikhail 7y ago
Reminds me of Aswath Damodaran´s china bit: "When in doubt,
use China. It´s gonna make you look smart while saying absolutely nothing"
- scarejunba 7y agoThe absolute confidence with which people provide post-hoc explanations is great. Often the data is available for those explanations before the market behaviour and with $10k you could make $500k on SPY but everyone can explain after the fact but no one can predict. Absolute cock and bull nonsense.
- AznHisoka 7y agoWhat is funny is when you see CNBC change the headline/narrative when the market suddenly moves in the opposite direction. Stock drops 2% at open: "Markets are falling because tariffs are 100% bearish signal. Sell it all!" Stock rebounds 2% a minute later: "Markets are up because tariffs can't stop the American economy."