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I guarantee you that the average guy trying his hand at the market doesn't care about what people on the Internet might preach about their decisions later. The
by cynicalkane 12y ago
I guarantee you that the average guy trying his hand at the market doesn't care about what people on the Internet might preach about their decisions later. The fact of the matter is most people don't take those opportunities because most people are very bad at speculation.
Among people who have Soros-level financial power and moxie, they generally are current with economic thought, in which fixed currencies in developed countries are considered a very bad thing by just about everyone. The British government was not doing the world any favors by fixing the pound. The sooner its fixed rate was broken, the better.
It is convenient to tell yourself that smart people like you are not rich because you are too good to be rich, but this doesn't align with reality, not in this particular case nor in general.
- fabulist 12y agoTo be fair, their aims were lophty even if their methods were crude.