3 ms·
I've begun to call it (in my own head) "pessimissivism", a fatal combination of being pessimistic and dismissive. It can't be unique to HN, but I find it partic
by tome 9mo ago
I've begun to call it (in my own head) "pessimissivism", a fatal combination of being pessimistic and dismissive. It can't be unique to HN, but I find it particularly jarring that it has taken root here, given the optimistic and open-minded origins of this forum.
- scotty79 9mo agoWe are talking about about billionaires gambling with company issued casino chips while messing up the actual brick and mortar economy. Being open-minded and optimistic about this activity brought us such wonderful events as 2008.
- tome 9mo agoValue investing a la Buffett and Munger is certainly not how we got 2008. Quite the opposite. In fact they were some of the most prominent individuals before 2008 outspoken about the risks of the derivatives that led to 2008, calling them "financial weapons of mass destruction".