4 ms·
This is probably his most famous: https://www.rollingstone.com/politics/politics-news/the-great-american-bubble-machine-195229/ https://www.rollingstone.com/po
by misiti3780 6y ago
This is probably his most famous:
https://www.rollingstone.com/politics/politics-news/the-great-american-bubble-machine-195229/ https://www.rollingstone.com/politics/politics-news/the-grea...
- whimsicalism 6y agoIs this really that compelling? I find it with lots of rhetorical flourish, but lacking the analysis of how the rich really do enrich themselves. > They did this by setting up what was, in reality, a two-tiered investment system — one for the insiders who knew the real numbers, and another for the lay investor who was invited to chase soaring prices the banks themselves knew were irrational What does this mean? Why wouldn't the other banks short the post-IPO tech companies if they knew the "real prices" and make off with a killing. And what even is a bubble? If you had invested in a tech ETF at the peak of the 2000s bubble, you would have still outperformed the market by 2020. So were the 2003 prices that far off?
- keeganpoppen 6y agoyeah wow the idea that matt taibi is well informed on these topics... he's not even a good writer either... other than that, he's a great Matt Levine comp haha.
- misiti3780 6y agoso matt taibbi is isn't well informed because he didnt work in investment banking previously ?
- keeganpoppen 6y agono because when read he comes across as someone who isn't great at grasping the full details because they are too busy with their own preconceived notions. "not a details person", or whatever. he has always been pretty good at preach-to-the-choir-style writing, which genuinely has its uses, it's just that you have to squint before drawing firm conclusions about the subject matter. which is the absolute opposite of levine. but hey, that's just, like, my opinion, man. to each, their own.