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Skin in the game. If he thinks the economy is going to crash, he can put his money where his mouth is and short the economy so that he stands to lose something
by chrisbaker98 4y ago
Skin in the game. If he thinks the economy is going to crash, he can put his money where his mouth is and short the economy so that he stands to lose something if his predictions are wrong.
Until then, I don't care what he predicts.
- FollowingTheDao 4y agoThis is probably one of the most foolish statements I always hear on HN and it is also a logical fallacy. Also, you have no idea what his position with the market is. When people talk like this, IMHO, it is out of a fear of something they do not want to believe. Over a year ago, Sept 21, 2021 he said: "Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold, silver, bitcoin may crash too. Cash best for picking up bargains after crash. Not selling gold, silver, bitcoin, yet have lots of cash for life after stock market crash. Stocks dangerous. Careful." He was wrong with his timing on the stock market crash, but Bitcoin is down 70% from then.
- LadyCailin 4y agoSo what I’m hearing is, he got 1 out of 4 points right. Why is he worth believing again?
- JackFr 4y ago> Treasury and Fed short of T-bills. What does that even mean? Is there a typo I don’t understand?