Summary
It’s difficult to beat the market even for professionals. You’re better off following an index and staying in the market as opposed to trading excessively.
Thoughts
- OK, so I’m not trying to defend my recent speculative purchase or re-purchase I suppose of Nvidia this chapter focused a lot on that.com bubble focusing on all the many losers of it. What about the winners though there were some winners I mean, I recall making it through the whole ordeal.
- I mean, I sort of get it. It’s it’s really a silent generation Stella thinking having gone through apparently so many bubbles but for me though where else can you put your money that makes any sense inflation is so high you can’t you can barely beat it with bonds. It doesn’t even make sense putting him with the money at the bonds Anyways it just seems like the stock market is sort of the only way to go just to keep yourself from getting poor people gonna pull out away at inflation
- OK, so now he’s gonna talk about bitcoin I’m wondering if he sort of realizes the minimum value of bitcoin has is the amount of energy and and what not that was spent on it by the miners there’s no way they’re gonna sell that at a loss you would never do that so it’s just a weird game bitcoin, but I’m wondering if bitcoin did a bit of bubble but the price came back up part of it due to the fact that those coins have like a minimum value it makes no sense to sell it for anything lower than that energy cost You would literally just be throwing away money and those people at that position will not be doing that bitcoin is dangerous like the boss twins but anyways, let’s see
- Yeah, he suggested that in the future healthcare records might be put on Blockchain, which leads me to believe that the author is just reciting shti that they heard from a bitcoin bro. Yeah, for the author seems quite bearish and even bearish on his own opinions.