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The trick isn’t getting out when you realize the grift. The trick is getting out shortly before everyone else does. Actually, the trick is getting out before e
by asdfman123 3y ago
The trick isn’t getting out when you realize the grift. The trick is getting out shortly before everyone else does.
Actually, the trick is getting out before everyone getting out before everyone else does before anyone else does. (And so on for higher values of recursion.)
Look at the real estate bubble that happened in China. They were literally building uninhabitable houses, but people invested in them with the knowledge that someone else would still buy them.
It doesn’t take a genius to realize uninhabitable houses don’t have real underlying value.
- zeruch 3y agoI agree with that wholeheartedly, and its pretty sad.