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I said "during", and "focus". Right out stating to the world "oh my god the world is overreacting, this is not such a big deal, and the best opportunity in your
by temac 7y ago
I said "during", and "focus". Right out stating to the world "oh my god the world is overreacting, this is not such a big deal, and the best opportunity in your life to get rich for completely abstract reasons" during the greatest pandemic people in huge parts of the world have every lived, while literally a billion people are more or less locked down, and in the thread commenting "The Plague", is, I don't know how to put it precisely, but lets say at least: "weird".
Some people are focusing on designing quickly mass-productible respirators, etc...
- arcticbull 7y agoMy dude, in a market, if there's no buyers, the price of equities becomes zero. If you want to help people preserve their net worth, what you want is more buyers. For the sellers, maybe they require the liquidity to pay for essentials? It doesn't matter. What matters is that if nobody is buying their shares are worthless. The people focusing on mass-producing ventilators are likely in China where the quarantine is in the process of being lifted as they have resolved the situation.
- throwaway4787 7y agoWon't somebody think of equities and people's net worth?
- arcticbull 7y agoNot to mention we have designs for ventilators. Companies have been making them for almost 100 years -- the first one was made in 1928. All we need to do is have the government tell the companies to do so. New designs are not required.
- whatshisface 7y ago>Some people are focusing on designing quickly mass-productible respirators It only takes a couple seconds to buy an index-tracking ETF on your phone these days, I don't think this optimism is competing for time with ventilator production.