4 ms·
The "irrationality of the market" is most of the time just blaming everyone else for your own mistake. "I was right, it's just that the whole market keeps bein
by koonsolo 5y ago
The "irrationality of the market" is most of the time just blaming everyone else for your own mistake.
"I was right, it's just that the whole market keeps being wrong". Denial at its finest.
- dnautics 5y agoNot if it eventually crashes, you had given a mechanism, and the mechanism was indeed the causal factor in the eventual crash.
- koonsolo 5y agoThat is true. But most of the time when I see it used, it's "it will eventually crash just wait and see.... wait for it.... wait for it ..."
- paxys 5y agoThe market always eventually crashes. The question is whether it will be tomorrow or 20 years from now. Unless your prediction also comes with a specific date it is useless.
- dnautics 5y agoSure, but you can definitely lose a lot of money, give up, and watch the asset crash a few weeks after you called it.