adamsmith143

65 ms·

1. 901.▲
   by adamsmith143 5y ago

   Why not go to Vegas and play roulette then? At least there you know exactly what your odds and payouts are and there isn't a massive information asymmetry. I just don't think saying "Don't put your money in ETFs where yo
2. 902.▲
   by adamsmith143 5y ago

   Seems like the solution to the turbulent world we are in certainly isn't pick your own stocks or YOLO on crypto.
3. 903.▲
   by adamsmith143 5y ago

   > I worry that many of the people who made good money from those investments will now believe that they have some superior understanding that lets them consistently beat the market This x1000 I've seen plenty of friends of friends w
4. 904.▲
   by adamsmith143 5y ago

   If their numbers are completely fraudulent why would they release fraudulent numbers indicating they missed their targets?
5. 905.▲
   by adamsmith143 5y ago

   >The worker wants a pay rise, the manager wants a promotion, the CEO wants a better gig at the next company. None of that is a goal of making more money for the company. This is quite literally the definition of Adam Smith's Invisib