2 ms·
> Most would a priori find it hard to believe that someone who found a winning strategy would repeatedly post it on random message boards with altruistic intent
by robertlagrant 3y ago
> Most would a priori find it hard to believe that someone who found a winning strategy would repeatedly post it on random message boards with altruistic intent.
That doesn't make it right, though, at least in my mind. There's accountability on both sides in these cases. People reading message boards and treating the contents as financial advice are not taking sufficient care, particularly when they click past / agree to the statement on their trading platform that says that their money is at risk. Their money was at risk, and they did it anyway.
My impression is this would come down to the jury's bias in either direction, when it should be pretty clear cut: you buy random stuff hoping to get rich, be it stocks picks from an Instagrammer, or NFTs, or whatever, and it is you choosing how to gamble your money.
If I were in a casino and a guy was holding a sign saying I should put all my money on number 8 on Roulette, it wouldn't matter if he were the casino owner, and stood to gain, or was just a random guy. It's up to me to decide what to do with the advice.