5 ms·

If I showed up somewhere and everybody there thinks I'm an all-knowing, all-capable oracle, I'd know how to make money easily... A group of men in suits would

If I showed up somewhere and everybody there thinks I'm an all-knowing, all-capable oracle, I'd know how to make money easily... A group of men in suits would ask me, oh Oracle, what should I invest in? And I'd tell them "My intuition tells me.. buy ACME stocks". Another group would show up and ask the same thing, and I'd answer the same, and the first group of men would make a profit, and huzzah, the oracle is right again! But of course I'd tell a good friend to buy ACME stock before all of them did, or maybe this friend would be the one telling me which stock I should recommend to the people...

giantrobot 4y ago
Jim Cramer? Is that you?
- netsharc 4y ago
  > If [...] everybody there thinks I'm an all-knowing, all-capable oracle. So.. the opposite of Jim Cramer.
  - orangepurple 4y ago
    The Inverse Cramer Tracker ETF (the “Fund”) seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer. The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by engaging in designed to perform the opposite of the return of the investments recommended by television personality Jim Cramer (“Cramer”). Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer. https://uploads-ssl.webflow.com/637240a49ba56f7bfbe82c84/640110b8480e5b7d50938ce3_TCM_Inverse%20Cramer%20Tracker_FactSheet_03012023.pdf https://uploads-ssl.webflow.com/637240a49ba56f7bfbe82c84/640...
    - vba616 4y ago
      This worries me a bit - is everybody in on the joke? People putting real money in? I mean, "do the opposite of a stupid thing to succeed" is traditionally funny because it obviously doesn't work - because there are generally infinite ways to fail...
      - orangepurple 4y ago
        There is $5,500,000 at stake right now
vba616 4y ago
There's a classic, maybe apocryphal, scam that allegedly works like this. You tell everybody you're a brilliant stock picker, and you get, let's say, 256 people to follow your advice. So you choose a stock, and tell half of them it'll go up and half of them it'll go down. That means 128 of your followers are guaranteed to think you predicted correctly. So you do it again, and again, until you get down to like one or two people who think you are a genius. Then you leverage your true believer(s) faith in you.

giantrobot 4y ago

Jim Cramer? Is that you?

netsharc 4y ago
> If [...] everybody there thinks I'm an all-knowing, all-capable oracle. So.. the opposite of Jim Cramer.
- orangepurple 4y ago
  The Inverse Cramer Tracker ETF (the “Fund”) seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer. The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by engaging in designed to perform the opposite of the return of the investments recommended by television personality Jim Cramer (“Cramer”). Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer. https://uploads-ssl.webflow.com/637240a49ba56f7bfbe82c84/640110b8480e5b7d50938ce3_TCM_Inverse%20Cramer%20Tracker_FactSheet_03012023.pdf https://uploads-ssl.webflow.com/637240a49ba56f7bfbe82c84/640...
  - vba616 4y ago
    This worries me a bit - is everybody in on the joke? People putting real money in? I mean, "do the opposite of a stupid thing to succeed" is traditionally funny because it obviously doesn't work - because there are generally infinite ways to fail...
    - orangepurple 4y ago
      There is $5,500,000 at stake right now

vba616 4y ago

There's a classic, maybe apocryphal, scam that allegedly works like this. You tell everybody you're a brilliant stock picker, and you get, let's say, 256 people to follow your advice. So you choose a stock, and tell half of them it'll go up and half of them it'll go down. That means 128 of your followers are guaranteed to think you predicted correctly. So you do it again, and again, until you get down to like one or two people who think you are a genius. Then you leverage your true believer(s) faith in you.