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Yeah, this is purely fear- people overshoot on the way down, you can profit. I made some easy money in 2008 on certain banks that were obviously not going to f

Yeah, this is purely fear- people overshoot on the way down, you can profit. I made some easy money in 2008 on certain banks that were obviously not going to fail. The bet is that things return to some sort of normal. I would not normally buy these stocks, they have nowhere near the growth potential as the tech stocks. I guess I don't believe in the statistical basis of the risk calculations (bell curve is an invalid model for sure for stocks), so only one stock is way riskier than you would think and tech only is already exposing you to some kinds of systemic risk.

basch 7y ago
In theory QQQ might not be "tech" forever. FAAAMIN could be replaced by the next big thing. https://www.visualcapitalist.com/a-visual-history-of-the-largest-companies-by-market-cap-1999-today/ https://www.visualcapitalist.com/a-visual-history-of-the-lar... https://howmuch.net/articles/100-years-of-americas-top-10-companies https://howmuch.net/articles/100-years-of-americas-top-10-co... QQQ would be a hedge on "big" but not necessarily just these current big.