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It's cute when people think they can all exploit the current market and "get rich" when in reality they almost always just help the same people who are already
by jdefr89 1y ago
It's cute when people think they can all exploit the current market and "get rich" when in reality they almost always just help the same people who are already rich, get richer. I say that as someone who has himself, started and sold a startup with a couple friend... The reality is I got SUPER LUCKY. The chances of any individual "making it" in the system that currently exists are minuscule to none. You might be better off playing the lottery and hoping to hit big. The chances of either are ridiculously low. The author didn't say how to solve the bubble crisis we are watching. Usually they aren't things you can solve. He simply acknowledged a huge one is forming and he isn't wrong.
- TheAmazingRace 1y agoThis is exceptionally true. I'd love to get rich like anyone else, but my odds of landing that perfect trade are extremely remote. I prefer VTSAX and letting it ride for years, if not decades. Time in the market is going to be far more consistently good in the long run rather than trying to win on a lucky stock pick... or lucky lottery numbers for that matter.
- paulcole 1y agoWho is thinking that? I think that the person who wrote this blog post is supremely deluded about their ability to identify a bubble.