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Have you ever read Elon's wiki? Or any other individual rich enough to curate whatever views they choose? Warren buffet did good and he came up with a winning
by SecretDreams 10mo ago
Have you ever read Elon's wiki? Or any other individual rich enough to curate whatever views they choose?
Warren buffet did good and he came up with a winning strategy. Momentum was ultimately his friend and what drove his success. When ETFs are great today and their popularity largely because of Warren, I think a lot of what's increasingly becoming obviously wrong with the markets ties back to the original strategy behind ETFs.
There's no more self selection or focus on fundamentals. All pensions are now exposed and regular contributors to the markets, so winner and losing picking doesn't really exist in the same way and performance is no longer tied to reality. I dread what that means as populations stagnant since it puts some risk on future pensions and their somewhat ponzi-esque structure.
All the pessimistic rants aside - it's insane to refer me to a billionaire's wiki as an attempt to get to know them. I largely look at people based on how they might treat family, friends, strangers, etc. In that regard, I'm mixed.
- jacquesm 10mo agoElon and Buffet are polar opposites.
- WalterBright 10mo agoMusk at one point was one explosion away from bankruptcy.
- jacquesm 10mo agoI wasn't talking about tech, but about their character.
- WalterBright 10mo agoRisk tolerance is a component of character. Musk has put his entire fortune on the line more than once, and more than once was a whisker from bankruptcy. I'm far less of a risk taker than he is, and have consequently not made big scores like Musk.
- jacquesm 10mo agoYou're also not an asshole, but Musk is.
- WalterBright 10mo ago> You're also not an asshole Some disagree with your assessment(!) > but Musk is I'm going to reserve judgement on that because the media lens is pretty distorting. He's not afraid to stand up to bullies, and I've seen that interpreted as assholishness. Steve Jobs also had a reputation as an asshole. A couple of my friends had encounters with him, and I asked is he really an asshole? Both confidently said yes. !!
- SecretDreams 10mo agoBut can you infer this from their Wikipedias?
- jacquesm 10mo agoWhy do I need to go to a website when I'm fairly well informed about the lives of both?
- SecretDreams 10mo agoBecause the prior OP tried to direct me to wiki to learn about them. This chain has context.