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There's no actual mechanism that matches capital to risk-adjusted returns. Reasoning as if there is reliably leads to incorrect conclusions. Celsius is probabl
by anonymoushn 5y ago
There's no actual mechanism that matches capital to risk-adjusted returns. Reasoning as if there is reliably leads to incorrect conclusions.
Celsius is probably a scam, but the reasoning above is not why.
- prepend 5y agoThe invisible hands do a pretty good job of matching. Any true market inefficiencies get discovered and fixed really quickly as it’s like a giant big bounty. When something seems too good to be true, it could be that I know something that they rest of the world doesn’t. Or it could also be that it’s bullshit.
- deleted 5y ago[deleted]
- anonymoushn 5y agoAn example of a conclusion that follows from your claim is that all VCs have been equally profitable over the past three decades and that they are just as profitable as any other style of investing restricted to accredited investors over the same period. Any difference in outcomes between Stripe equity and Juicero equity is just noise. Do you seriously think these things?