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Oh no, I got the point - the idea that groupthink leads to inefficient markets is not exactly new, so it is easy even for someone at my speed to grasp. (And to
by evrydayhustling 4y ago
Oh no, I got the point - the idea that groupthink leads to inefficient markets is not exactly new, so it is easy even for someone at my speed to grasp. (And to the author's credit, he avoids mentioning virtue signaling.) The problem is that the article does nothing except state that things feel homogeneous to author, with no demonstration of the opportunities presented. So, it's a restatement of a very common pose: I see further than the masses.
- tweestuff 4y ago> So, it's a restatement of a very common pose: I see further than the masses. It's more of the many stages of grief of finance types. Like he just wants the bad times to end and for the good times to resume again. He wouldn't care if markets were irrational and inefficient but also making him money. People who chose to be defined by how much money they make, and nothing else, are in for a shit time right now. These think pieces are pretty funny gasps at this. I'm sure someone's going to accuse you of feeling schadenfreude or something - Hacker News is full of people who have been obliterated by the markets.
- Cupertino95014 4y ago> feeling schadenfreude or something ffs, I can't imagine who would ever think that.