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There are some real life “George” figures that I pay attention to. If they think something is a great idea and that’s in line with something I’m thinking about

by JCM9 3y ago

There are some real life “George” figures that I pay attention to. If they think something is a great idea and that’s in line with something I’m thinking about doing, I’ll take a hard look at what I might be missing since X’s judgment is usually terrible. In an odd way, their consistently bad judgment has proven a valuable tool.

deleted 3y ago
[deleted]
dharmab 3y ago
Most of the best decisions of my life were the opposite decisions my parents would have made. They're not stupid people, but they grew up in a totally different time and place. Nowadays I sometimes ask for their advice as "inverse input."
- kurthr 3y ago
  I suspect part of this is that there are other parts of society (corporations) that are preying on their older intuition. It also means that as we get older, we should also question "obvious answers", because others will have learned to take advantage of them (and any accumulated wealth).
afterburner 3y ago
Speaking of X...
TMWNN 3y ago
I figured out a long time ago that the Reddit hivemind is a superb contraindicator.
- datavirtue 3y ago
  God damn, break out the AI...we are on to something
  - kibwen 3y ago
    Unfortunately, the AIs were all trained on Reddit, so we're basically doomed.
    - TMWNN 3y ago
      No worries. -- (AIAssistant (RedditHivemind (x)))
- hotdogscout 3y ago
  For what?
  - evilduck 3y ago
    Yeah, I would like some qualifiers too because I've seen reddit hype up relatively obscure product niches at the time that later became popular with mainstream consumers.
ceejayoz 3y ago
There's even an investment fund on this principle. If Jim Cramer goes up on CNBC to talk about a stock, they buy the opposite of his recommendations. https://www.marketwatch.com/story/love-him-or-hate-him-new-etfs-let-investors-bet-on-or-against-jim-cramer-and-his-stock-picks-3b939713 https://www.marketwatch.com/story/love-him-or-hate-him-new-e...
- asciimike 3y ago
  Same vibe: https://galloway-index.webflow.io/ https://galloway-index.webflow.io/
- weeblewobble 3y ago
  Amusingly the inverse Cramer ETF is in the red YTD
  - red-iron-pine 3y ago
    presumably Cramer is including the inverse-Cramer into his picks; 4D chess
- kaycey2022 3y ago
  wallstreetbets is a really funny place in this regard. Lookup the legend fscomeau.
ars 3y ago
There are some political figures I do this with - if I'm unsure about a issue, I'll do the opposite of what they say. Bernie Sanders is probably the biggest - even his own party usually votes the opposite of what he wants. There are also some true idiots in the Republican party that work similarly.

by JCM9 3y ago

deleted 3y ago

[deleted]

dharmab 3y ago

Most of the best decisions of my life were the opposite decisions my parents would have made. They're not stupid people, but they grew up in a totally different time and place. Nowadays I sometimes ask for their advice as "inverse input."

kurthr 3y ago
I suspect part of this is that there are other parts of society (corporations) that are preying on their older intuition. It also means that as we get older, we should also question "obvious answers", because others will have learned to take advantage of them (and any accumulated wealth).

afterburner 3y ago

Speaking of X...

TMWNN 3y ago

I figured out a long time ago that the Reddit hivemind is a superb contraindicator.

datavirtue 3y ago
God damn, break out the AI...we are on to something
- kibwen 3y ago
  Unfortunately, the AIs were all trained on Reddit, so we're basically doomed.
  - TMWNN 3y ago
    No worries. -- (AIAssistant (RedditHivemind (x)))
hotdogscout 3y ago
For what?
- evilduck 3y ago
  Yeah, I would like some qualifiers too because I've seen reddit hype up relatively obscure product niches at the time that later became popular with mainstream consumers.

ceejayoz 3y ago

There's even an investment fund on this principle. If Jim Cramer goes up on CNBC to talk about a stock, they buy the opposite of his recommendations. https://www.marketwatch.com/story/love-him-or-hate-him-new-etfs-let-investors-bet-on-or-against-jim-cramer-and-his-stock-picks-3b939713 https://www.marketwatch.com/story/love-him-or-hate-him-new-e...

asciimike 3y ago
Same vibe: https://galloway-index.webflow.io/ https://galloway-index.webflow.io/
weeblewobble 3y ago
Amusingly the inverse Cramer ETF is in the red YTD
- red-iron-pine 3y ago
  presumably Cramer is including the inverse-Cramer into his picks; 4D chess
kaycey2022 3y ago
wallstreetbets is a really funny place in this regard. Lookup the legend fscomeau.

ars 3y ago

There are some political figures I do this with - if I'm unsure about a issue, I'll do the opposite of what they say. Bernie Sanders is probably the biggest - even his own party usually votes the opposite of what he wants. There are also some true idiots in the Republican party that work similarly.