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I 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
by clavalle 13y ago
I 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.