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Isn't the market taking money away from people who confuse "Diamond Hands" fund for Diamonds exactly the sort of efficiency markets are meant to promote: peopl
by LatteLazy 4y ago
Isn't the market taking money away from people who confuse "Diamond Hands" fund for Diamonds exactly the sort of efficiency markets are meant to promote: people who do dumb things are punished, those who do useful ones are rewarded.
- benreesman 4y agoI think plenty people quietly sold e.g. Tesla at whatever nutcase valuation before it pulled back. Lots of people get in and out of some crazy asset bubble at the right time and then go on to lose money at everything else while spewing advice the whole time: just ask Peter Thiel or Mark Cuban.