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The trick is knowing that, getting in early enough, so you can get out before others realise and move out. Investment is all a game beyond a certain level, with
by dspillett 3y ago
The trick is knowing that, getting in early enough, so you can get out before others realise and move out. Investment is all a game beyond a certain level, with the numbers just a means to keep score, there connection to money as we know it (the numbers we exchange for goods & services to survive day to day) being rather tentative.
- fullshark 3y agoYes the trick is knowing that you aren't actually investing, but speculating and gambling. Your money is not actually moving the needle in any significant way like a true investment (e.g. giving start up capital to your brother's small business), you are just a speck of dust riding a global corporation's variable cash flow and you are trying to siphon out what you can when you need to.
- Cthulhu_ 3y agoThe trick is knowing that you've missed the boat. Give up. If only you knew Amazon, Google, Apple, gold, bitcoin, etc would appreciate this much in value 30 years ago. "Get in early and get out before others realise" is not rational or a feasible strategy because it assumes knowledge that others don't have. This idea that you can know things before the "normies" do is behind the financial advice companies like Bloomberg, and behind the rapid fire boom and bust of the thousands of shitcoins. Everyone involved in those knows exactly what's going on, they're just in denial because they believe they know what's going on and can benefit from it.