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> But 2013 isn't 1933. The average sophisticated investor is more versed in finance, more wary of solicitation if they are not, or closer to one of the former.
by wwweston 13y ago
> But 2013 isn't 1933. The average sophisticated investor is more versed in finance, more wary of solicitation if they are not, or closer to one of the former.
"This time, it's different."
http://www.reinhartandrogoff.com/ http://www.reinhartandrogoff.com/
- clavalle 13y agoI think things are fundamentally different now than in the early 30's. Not pie in the sky 'well people are more sophisticated now' different. There are a ton of tools that people can use to gather information on a potential investment and the people involved.
- mortehu 13y agoWhile it's easier to be smart about investing, it's also very easy to not be smart. I'm pretty sure most retail investors invest with zero or negative[1] information advantage, but don't lose a lot of money because the median expected value of investment opportunities open to the public is positive. 1. Due to cognitive biases.