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>Are there any silver linings to this scare? Maybe the rest of us will realize that the investor class does not know what they're doing. Yes, all of them. Whi
by ironlake 4y ago
>Are there any silver linings to this scare?
Maybe the rest of us will realize that the investor class does not know what they're doing. Yes, all of them.
Which is OK. They were "right" in the past and got rich. That doesn't increase their chances of being right in the future or in the present. The key thing is that they assume the risks. If the investor class is wrong, they get wiped out and replaced by smarter people.
Except these super-smart people who know more (except apparently about banking risk, which fucks up their world every 12 years, and then they immediately forget about) will then explain why it's an ugly situation, but you really have to save their investments.
An example (you can save this for the next time) - https://twitter.com/sama/status/1634958179657449475 https://twitter.com/sama/status/1634958179657449475