4 ms·

That quote definitely has some insane survivor bias in it. Optimists go bankrupt or something and you blame them on their work ethic or something and you disca

That quote definitely has some insane survivor bias in it. Optimists go bankrupt or something and you blame them on their work ethic or something and you discard any of those optimists who didn't really succeed and cherry pick those optimists which went right... Its a classic survivorship bias. I am pessimistic in US stocks because they are so concentrated on AI for returns and its definitely a bubble or approaches its territory, there is somewhat no denying about it from what I observe. Your comment really is just off putting to me because I feel like its just a copium which is going to be inhaled by the new generation and then if we fail which lets be honest failure is a natural part of life, we are gonna blame ourselves and that's just really depressing. I'd better be right than rich. Maybe my rich definition is something that I can get out of hard work while maybe being pessimist (just enough money to have freedom lol) I don't want to make billions or hundreds of millions, i don't want to build a vc funded disaster for humanity in the name of shareholders whether its an Ad dystopia or an AI nightmare fuel, I'd rather make a imprint on humanity other than my bank account number but maybe that's me being "optimistic" Sorry but your comment truly ragebaited me... I have very strong opinions in this regards.

rapsey 1y ago
> I am pessimistic in US stocks because they are so concentrated on AI The russel 2000 index just made an all time high. The bull market is diverse and global. Indexes of many countries are also at all time highs.
- Imustaskforhelp 1y ago
  I am pessimistic in US S&P 500 for the most part actually given how concentrated it is in AI (refer to that hank green video) I also didn't know that the other world's stocks are doing fine actually. but maybe there is a difference in economy and stocks at this point... I believe that we can all surely agree on the legendary john bogle's philosophy and in the current day and age realize that us s&p stocks are too centralized on ai and world stocks can be better... Regarding russel 2000 index. I feel like a lot of money trickles down from the AI hype but its honestly great that russel is doing great. The point I am trying to make is that atleast for US right now, its political system is so shaky that I can't trust its economical system and there is no denying that if the AI bubble bursts, then it would bleed the whole economy at this point including russel. There was a great hank green video which I recommend about this concept https://www.youtube.com/watch?v=VZMFp-mEWoM https://www.youtube.com/watch?v=VZMFp-mEWoM Also, A lot of countries are definitely in turmoil right now so I am actually surprised by your statements that world economy is doing quite high, maybe stock markets are just another asset class which have gotten so inflated that they are out of touch from the ground reality... (Something I heard in an atrioc video) I am definitely a bit surprised to hear that the world stocks are doing fine from all the bloodbath of tarrifs and some political issues the world is facing right now...
  - rapsey 1y ago
    Politics is a distraction and largely irrelevant to investing. The stock market has so much money going into it that it is in a bull market. Because people have nowhere else to put their money into (real estate is dead atm). You are letting your political biases poison your financial decisions.
    - Imustaskforhelp 1y ago
      It isn't even a political bias but rather we can't deny that the economy feels like kissing the ring whether its us buying intel stocks or sort of forcing nvidia to buy some intel stocks and etc. And I feel like its in a bull market because of AI Hype which was the main comment of the original parent to which you responded I think... If this AI hype fails to deliver. Literally the magnificient 7 will have a huge loss of money which would then make the stockholders feel less wealthy which will spend less and it would have a drastic impact in the WHOLE economy. Yes its in a bull market but I feel like I don't want to find out if I am in the peak of a bull market for an AI craze y'know? And I am not advocating against stocks omg, I am just saying that world stocks are better in current landscape and I doubt if its poisoning my financial decisions. NO I Don't want all of my saved money to go into an index which is going to be heavily dictated by the future of AI which I and many presume to be a bubble. I would much rather invest in index funds that target the world, heck maybe even index funds that target every country ex usa My point is that the bubble will burst and then atleast S&P / nasdaq will definitely bleed. Either we can talk about if you think its a bubble or not, since I am not comfortable investing in a bubbly situation no matter how lucrative it becomes y'know? What are your thoughts on it?
      - rapsey 1y ago
        You can find excuses not to invest at any time. Easiest thing in the world has always been finding an excuse not to invest. Mag7 are some of the most profitable and well run companies in history investing their insane profits. No other country has public markets as developed, regulated and liquid as the US. Likely you are just investing into the unknown with a ton of risk factors you are not aware of. In places outside of the US politics actually is a significant factor in investing.

rapsey 1y ago

> I am pessimistic in US stocks because they are so concentrated on AI The russel 2000 index just made an all time high. The bull market is diverse and global. Indexes of many countries are also at all time highs.

Imustaskforhelp 1y ago
I am pessimistic in US S&P 500 for the most part actually given how concentrated it is in AI (refer to that hank green video) I also didn't know that the other world's stocks are doing fine actually. but maybe there is a difference in economy and stocks at this point... I believe that we can all surely agree on the legendary john bogle's philosophy and in the current day and age realize that us s&p stocks are too centralized on ai and world stocks can be better... Regarding russel 2000 index. I feel like a lot of money trickles down from the AI hype but its honestly great that russel is doing great. The point I am trying to make is that atleast for US right now, its political system is so shaky that I can't trust its economical system and there is no denying that if the AI bubble bursts, then it would bleed the whole economy at this point including russel. There was a great hank green video which I recommend about this concept https://www.youtube.com/watch?v=VZMFp-mEWoM https://www.youtube.com/watch?v=VZMFp-mEWoM Also, A lot of countries are definitely in turmoil right now so I am actually surprised by your statements that world economy is doing quite high, maybe stock markets are just another asset class which have gotten so inflated that they are out of touch from the ground reality... (Something I heard in an atrioc video) I am definitely a bit surprised to hear that the world stocks are doing fine from all the bloodbath of tarrifs and some political issues the world is facing right now...
- rapsey 1y ago
  Politics is a distraction and largely irrelevant to investing. The stock market has so much money going into it that it is in a bull market. Because people have nowhere else to put their money into (real estate is dead atm). You are letting your political biases poison your financial decisions.
  - Imustaskforhelp 1y ago
    It isn't even a political bias but rather we can't deny that the economy feels like kissing the ring whether its us buying intel stocks or sort of forcing nvidia to buy some intel stocks and etc. And I feel like its in a bull market because of AI Hype which was the main comment of the original parent to which you responded I think... If this AI hype fails to deliver. Literally the magnificient 7 will have a huge loss of money which would then make the stockholders feel less wealthy which will spend less and it would have a drastic impact in the WHOLE economy. Yes its in a bull market but I feel like I don't want to find out if I am in the peak of a bull market for an AI craze y'know? And I am not advocating against stocks omg, I am just saying that world stocks are better in current landscape and I doubt if its poisoning my financial decisions. NO I Don't want all of my saved money to go into an index which is going to be heavily dictated by the future of AI which I and many presume to be a bubble. I would much rather invest in index funds that target the world, heck maybe even index funds that target every country ex usa My point is that the bubble will burst and then atleast S&P / nasdaq will definitely bleed. Either we can talk about if you think its a bubble or not, since I am not comfortable investing in a bubbly situation no matter how lucrative it becomes y'know? What are your thoughts on it?
    - rapsey 1y ago
      You can find excuses not to invest at any time. Easiest thing in the world has always been finding an excuse not to invest. Mag7 are some of the most profitable and well run companies in history investing their insane profits. No other country has public markets as developed, regulated and liquid as the US. Likely you are just investing into the unknown with a ton of risk factors you are not aware of. In places outside of the US politics actually is a significant factor in investing.