3 ms·
> Not sure what the upside is of being known for repeatedly making non-rational predictions and being wrong. It can significantly move markets in the short ter
by thr0wawayf00 4y ago
> Not sure what the upside is of being known for repeatedly making non-rational predictions and being wrong.
It can significantly move markets in the short term, which he seems to have become adept at doing over the last few years. And unfortunately, the stock market isn't really interested in long-term thinking, it's largely about breaking news and twitter rumors nowadays.
- unclebucknasty 4y agoWell, he's definitely mastered market manipulation. I take your point there. But, the degree of absurdity across predictions undermines even that strategy over time. I think he does himself a disservice here. He should get out of his own way and allow his actual achievements to speak louder than irrational predictions (and other distractions).
- thr0wawayf00 4y agoI totally agree, and that's the very definition of short-term thinking: doing what's best for today at tomorrow's expense.