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> fading the crowd has a pretty good track record. Go look at the comment history from any major new product category This is called survivorship bias
by petesergeant 4y ago
> fading the crowd has a pretty good track record. Go look at the comment history from any major new product category
This is called survivorship bias
- deleted 4y ago[deleted]
- cloudking 4y agoWhat's your point?
- rippercushions 4y agoThat we remember the people who dissed the iPhone or Dropbox, but not those who correctly panned countless failures. In Sagan's words, "They laughed at Columbus, they laughed at Fulton, they laughed at the Wright Brothers. But they also laughed at Bozo the Clown."
- petesergeant 4y agoExactly that, thank you. Myself, I'm far too optimistic, and I held out hope for companies (like Theranos) long after HN has gone super skeptical on them.
- cloudking 4y agoFair points, there are a lot of intelligent minds here. Personally, I'm thinking about the viability of metaverse concepts beyond the walls of Meta, while the bearish concensus I've seen in media and comments seems to focus only on them. Maybe that is an unfortunate side effect of the branding exercise. I appreciate your opinions.
- thaumasiotes 4y agoIt's also called "contrarian investing"; it does in fact have a decent track record.