3 ms·
Why does it matter that he was a home improvement contractor?
by yuuu 4y ago
Why does it matter that he was a home improvement contractor?
- LegitShady 4y agoread the second link
- blululu 4y agoIf he were good at speculating he would be doing it full time.
- michaelt 4y agoThere's a (possibly apocryphal) story [1] that Joe Kennedy got out of the stock market just before it crashed when a shoeshine boy gave him investment advice, which he saw as a sign of a bubble about to burst. 0xbadc0de5 revists this classic story, with a home improvement contractor replacing the shoeshine boy. [1] https://www.sfgate.com/news/article/BUSINESS-INSIDER-The-Mailbag-That-Quote-2804663.php https://www.sfgate.com/news/article/BUSINESS-INSIDER-The-Mai...
- yuuu 4y agoThe question was mostly rhetorical, intending to point out that getting investment advice from a home improvement contractor is no different than getting investment advice from a software developer on Hacker News. There was an implication that, since a home improvement contractor works with his hands, he's as stupid as a shoeshine boy.
- fundad 4y agoProbably because of how much money is sloshing around the home improvement industry. We're in the wrong business.
- akhmatova 4y agoIt is significant that the people being taken aren't just teenagers and adult wastoids with addictive personalities. But rather professionals with (otherwise) stable careers. Who were led to believe that crypto was legit, and a way to finally get their fare share.