3 ms·
As someone who has beat the market (S&P500) for the past 17 years, I agree that there is a problem with people not understanding markets/technologies. But a big
by gitfan86 4y ago
As someone who has beat the market (S&P500) for the past 17 years, I agree that there is a problem with people not understanding markets/technologies. But a bigger issue is that A LOT of people are looking for short term gains. Just look at crypto, even the most serious/nonscammy people in the space believe it will take many years to reach it's true potential, but if you look that the message boards and twitter, they are full of people talking about daily/monthly or even hourly gains.
These people don't actually care if PLTR hits 500B in revenue in 2035, they just want their stock price to go up 10x this year.
- Ekaros 4y agoI think truth might be that markets are not as efficient as many would want everyone to believe. And then there is lot of effects that could affect the true efficiency, like index-funds and ESG scores.
- md_ 4y agoWell, Keynsian Beauty Contest, then. As long as you play it better than the others, you win. I don't do a lot of individual stock picking, because I can't be assed to look too closely at fundamentals and I don't think I have a good enough pulse on the public opinion that I can predict who Redditors will think is a sexy CEO next.
- nebula8804 4y agoCan you blame them? This same market has stagnated wages for decades and so the only way to have a chance get ahead is to gamble.