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Well they try to justify it by saying that we unwashed masses don't have enough savvy to be investing.
by imetatroll 3y ago
Well they try to justify it by saying that we unwashed masses don't have enough savvy to be investing.
- mikeyouse 3y agoHave you browsed through the Wall St Bets subreddit? Not that pre-IPO investing is any more reckless than throwing away money on naked options, but it gives a good sense for the savviness of the average investor.
- toomuchtodo 3y agoThe unwashed masses don’t have enough savvy. They’re gambling on crypto coins and 0DTEs. Or they’re dumping their life savings into crypto “earn” products where the yield is from a ponzi and they’re surprised when the whole thing vaporizes.
- ben_w 3y agoOne thing ChatGPT taught me, is that it can reason and argue better than me about basically everything I'm not already an expert in. If you don't trust ChatGPT to make investments, you shouldn't trust the masses (including me) either.