2 ms·
> To believe that stock is short-sighted is to believe that investers as a group are dumber than you are because they've put their money into the market but you
by hiatus 2y ago
> To believe that stock is short-sighted is to believe that investers as a group are dumber than you are because they've put their money into the market but you know better.
There is a saying you may not be familiar with, "Markets can stay irrational longer than you can stay solvent."
- fsckboy 2y agowhat's your definition of irrational?... the market doesn't know the future, it just incorporates current knowledge and opinion. Is AI a bubble right now? the vast riches afforded those who make the right call when AI is ready is justification enough for current enthusiasm, no irrationality needs to be hypothesized. And like people who lost their bet on the 49ers to win the Superbowl, there's no reason to posit irrationality if a bet doesn't pay.