Came across this accidentally. Sometimes accidents are illuminating. Thanks for the lovely article. Seen this before during dotcom bubble. Avoided this FOMO so far and stayed conservative. Still prefer the good old money generating businesses. Sometimes wonder when this madness stops, how bad will be the scars? What will be the repercussions? Safe travels Jack and stay safe :-)
👏🏻👏🏻👏🏻 I'm glad to read and see I'm not insane. I've been seeing too much insanity lately and I feel so disheartened that I bust my ass to make ends meet in a valuable, honest way, and then you have these idiots swindling tons of money and boasting being an asshole.... and get praised about it by their asshole peers... (and sometimes society in general!)
The world has gone upside down....
And when enough people believe that up is up, but in reality their perspective is all skewed and their "up" is actually down, there is no other outcome than a massive crash..AND burn... in the future.
Things need to be reverted to sanity and sensibility.... otherwise in a few years we'll be eerily repeating history from about 100 years ago, but this time will be wearing singlets, sweating with global warming and plugged in in some fake advertising virtual world
(It's like Orwell had it wrong... it wasn't "1984", but more like "2029"...)
Some valid points, others not so valid or extrapolated from the truth. I'de suggest you to go back in time in history and compare what is happening today with other events.
I’m old school but for $hits and giggles I “invested” 0.25% of my portfolio in an crypto ETF.
Secondly, I’m at a point in my investing life that I fully subscribe to this quote from Buffet, “In our view, it is madness to risk losing what you need in pursuing what you simply desire.”
First, none of the three types of people you describe is an 'investor'.
Second, there are people out there doing boring stuff, let's call it investing, with things like index funds or shares of actual companies with actual, calculable value. They are doing fine.
Excellent piece and I agree with 100% of it. Problem is the takeaways are not obvious because this could go on for 3 more months or 3 more years. TINA is strong during bubbles. That said, I survived 1999 by getting out early. I don't care about being underweight now. Avoiding ruin is half the battle.
Came across this accidentally. Sometimes accidents are illuminating. Thanks for the lovely article. Seen this before during dotcom bubble. Avoided this FOMO so far and stayed conservative. Still prefer the good old money generating businesses. Sometimes wonder when this madness stops, how bad will be the scars? What will be the repercussions? Safe travels Jack and stay safe :-)
👏🏻👏🏻👏🏻 I'm glad to read and see I'm not insane. I've been seeing too much insanity lately and I feel so disheartened that I bust my ass to make ends meet in a valuable, honest way, and then you have these idiots swindling tons of money and boasting being an asshole.... and get praised about it by their asshole peers... (and sometimes society in general!)
The world has gone upside down....
And when enough people believe that up is up, but in reality their perspective is all skewed and their "up" is actually down, there is no other outcome than a massive crash..AND burn... in the future.
Things need to be reverted to sanity and sensibility.... otherwise in a few years we'll be eerily repeating history from about 100 years ago, but this time will be wearing singlets, sweating with global warming and plugged in in some fake advertising virtual world
(It's like Orwell had it wrong... it wasn't "1984", but more like "2029"...)
I surf internet to find stuff like this .... :)
Some valid points, others not so valid or extrapolated from the truth. I'de suggest you to go back in time in history and compare what is happening today with other events.
Do central banks have to shoulder some of the blame for (artificially) keeping/making money so cheap?
Good shit king. Love the throwback Elon meme haha
Enjoyed your perspective very much.
I’m old school but for $hits and giggles I “invested” 0.25% of my portfolio in an crypto ETF.
Secondly, I’m at a point in my investing life that I fully subscribe to this quote from Buffet, “In our view, it is madness to risk losing what you need in pursuing what you simply desire.”
Enjoy the adventure!
So, a couple of things.
First, none of the three types of people you describe is an 'investor'.
Second, there are people out there doing boring stuff, let's call it investing, with things like index funds or shares of actual companies with actual, calculable value. They are doing fine.
Excellent piece and I agree with 100% of it. Problem is the takeaways are not obvious because this could go on for 3 more months or 3 more years. TINA is strong during bubbles. That said, I survived 1999 by getting out early. I don't care about being underweight now. Avoiding ruin is half the battle.
Well done. Appreciate the perspective. Safe travels.