3 ms·
> Every generation needs to re-learn the financial mistakes of the previous one I guess why is that accepted as inevitable law of nature? every generation doe
by nologic01 3y ago
> Every generation needs to re-learn the financial mistakes of the previous one I guess
why is that accepted as inevitable law of nature?
every generation does not need to learn the ravages of war. or the risk of snake oil salesmen in domains such as food, or medicine or any mass consumption good or service
yet in the financial domain "a fool is born every minute" is somehow ok.
there is definitely the thrill of gambling but I suspect fewer people would succumb to it if before every finfluencer inspired transaction they had to click on button that said:
"I confirm that I am an idiot and the money I am about to lose is not essential either for myself or anybody that depends on me"
- HEmanZ 3y agoIt’s more of an observation. And it applies to the examples you have. In fact, I can’t think of a bigger realm for snake oil salesmen than I the realms of food/nutrition and alternative medicine
- HFguy 3y ago"every generation does not need to learn the ravages of war." Would not be so sure of that. I suspect the "great generation" has a lot better understanding about the value of peace than more recent generations.