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YES. Not enough people understand this. Normies love to take a shit from on high on WSB, thinking they are a bunch of retards about to lose their money, but any
by zaptheimpaler 6y ago
YES. Not enough people understand this. Normies love to take a shit from on high on WSB, thinking they are a bunch of retards about to lose their money, but anyone who goes a little bit deeper than the surface can see its a very, very powerful resource to learn how to trade and how markets really work.
Of course if you only see WSB as a stock pumping forum and throw your money into whatever ticker is mentioned, you are at the mercy of fortune. But the ones who do use WSB productively to learn can make enormous returns previously reserved only for hedge funds. The normies only see the news stories about the first kind of user who gambled and lost, clamor for even MORE regulation, and soon that pathetic 7% annual return on index funds will be even lower as you close off more and more opportunities. The VCs and sophisticated investors will gain even more from further asymmetric opportunities and the wealth inequality will widen.
Ultimately protecting those who are at poor at investing from their own incompetence also means locking out those who are good at it and only cements inequality further. Every reduction in risk means a reduction in reward.