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Did not expect to find it here, this article is a miniature, but complete theory behind investing.
by karol 2y ago
Did not expect to find it here, this article is a miniature, but complete theory behind investing.
- FabHK 2y agoInsightful, but by no means complete (missing, among other things: matching of liabilities with assets; risk or diversification or the basics of modern portfolio theory; the notion of real vs nominal returns (only alluded to); etc.)
- throw0101d 2y ago> Did not expect to find it here […] Why? The site gets posted often: * https://news.ycombinator.com/from?site=lynalden.com https://news.ycombinator.com/from?site=lynalden.com There is a sizeable population of pro-Bitcoin and pro-gold standard people on HN, and I'm sure Alden's writing is catnip to them.
- rybosworld 2y agoAnecdotally, to me hackernews has seemed more anti-bitcoin than most other places on the internet
- Cthulhu_ 2y agoCynicism because "we" like to believe we understand technology and stocks better than the average person. But plenty of HN people both made and lost a lot of money in crypto.
- npoc 2y agoYes, to understand bitcoin well enough to confidently ride the volatility at this early stage in its growth, not only does it help to be technically minded, but you also need an understanding of what money really is and how fiat money really works. People with that combination are few and far between. But there's plenty of people on HN who confidently think they know.
- karol 2y agoBecause I believe this is a very pro-take and I find the crowd on HN very green about investing. They love counting their bytes and latencies.