4 ms·
Cool! How much money did you yourself make on this (given that it was entirely obvious, and not leveraging knowledge seems silly)?
by jstummbillig 8mo ago
Cool! How much money did you yourself make on this (given that it was entirely obvious, and not leveraging knowledge seems silly)?
- vntok 8mo agoWhy would you assume the parent would have both a betting addiction and enough side money available to make it worthwhile?
- danielmarkbruce 8mo agoIt actually wasn't the worst assumption ever...
- danielmarkbruce 8mo agoA lot. If you remember all the tariff announcements in the first months of 2025, the stock market tanked and it was an easy buy. The market then reasonably quickly realized many of these tariffs weren't going to persist. The payoff was fast, and the reason you didn't see a massive uptick in the market when the ruling came out was because it was already priced in at that point. Just because something isn't obvious to you, it doesn't mean it wasn't obvious to a lot of people.
- jstummbillig 8mo agoTo buy after a market dip requires roughly zero specific conviction or insight regarding this supreme court ruling and its consequences.
- danielmarkbruce 8mo agoIf the market dip is directly caused by X, and you think X is going away or misunderstood, it's specific conviction. In this case X was the tariffs. You are out of your depth.