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Food cost has been soaring since the pandemic and it has refused to reduce in price even slightly, it is ridiculous I think we would have to cope with high food cost for much longer.
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the inflation today is much scarier, people no longer worry about having job security, they are worry about food security all over the place, you would not believe folk are quiting job voluntarily, we were once taught having no job is very poor indicator of economy, but we have never seem the full picture yet.
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seriously having mostly carb diet is no joke, it could easily lead to serious constipation, i wouldn't recommend folk to consume them too often. btw i hardly go by any decently prepared food, i also begin to realize beef could have very low end and high end price depend on the contamination in the meat itself, although both rich and poor folk consume the beef, but they don't spend the same price on the beef they consume, rich folk could easily get sick by consuming the cheap beef prepared for the poor folk.
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satoshi too once quoted, "lost bitcoin made everyone else bitcoin slightly more valuable", i agree, that is also the only reason i find bitcoin appealing, i'm not saying i am in to make lot of money, i'm saying it is a war, the died soldier collapsed and so that all other soldier can live to fight another day. no soldier is getting filthy rich from the struggle anyway. the prize we all want is the victory which is priceless, not about taking profit, not about making money. btw i do not like to talk about all the awful people on the wall street, they are chilling on the dead people for the profit, that is completely morally corrupted, moral crisis. Oh no, it's Broly46!
...far longer than I thought any government would allow. That's not to say that I'm for regulation, but when you've got the average Joe getting scammed by exchanges like FTX, it becomes a spectacle that those awful human beings on capitol hill can't ignore.
... Buffett did and still does it, so that should be proof enough for you.
i have a bad feeling, the SEC are now on steroid, they are going one after another big exchange routinely, it is unprecedented! i had no idea what could be the reason behind their aggression. it seem they are determined to crack down everything back to the stone age. There are many that have made lots of money with investing and they aren’t rich either...
...It’s those who trade options or with margin that usually lose money and blame everybody.
it is fine to blame everybody, i wouldn't have interested on bitcoin until i start to blame, i basically blame to heart content, i loss the money on investing stock and my friends all call me stupid for making loss and mistake. they introduce me to stock investing hence i follow their advice to invest next i got blame for being idiot and loss money that is some joke isn't it and i got pranked for being obedient? i am still bitter about it today. i feel sorry to the guy who was given advices to not blame anyone when they loss money in investing, instead they pay the tuition fee after making bad trade just like the gentlemen and warren buffett also tell all student to pay the price for making mistake and stfu get smarter and keep playing until they win, now i can see how horrible wb is, he has become more feminazi than woman is, to protect his child's interests he could go as far as turn entire world into chaos, i see all of them are unable to make noise, follow the warren buffett obediently, didn't invest in bitcoin due to wb and also call me idiot for being stupid loser, they have all their freedom stolen from them and being lock up in a cage, a fangless lion, not allow to blame, not allow to stop paying tuition fee for making mistake, not allowed to quit gambling(investing), and their wife keep wasting their money on trivial and stupid thing and won't allow them to meet another woman online, poor soul to me, what a married happy ending life for the guy. btw i won't stop here, i would double down and insult them for the past humiliation they push on me, an eye for an eye? huh? btw i am lucky enough to start blaming as soon as possible, a lot of people having to kill themselves but not allow to blame anyone else after making a lifesaving of loss listening to the scammer and their financial advices. the generational wealth, this time is different, wagmi, lamborghini, fast car fast house fast woman orgy party. |
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I don't understand how value investing is bad ...going bust. ...never something that has literally zero risk.
And don't even get me started ...part.
investing is for having higher life standard. as i doomday prepper, i don't fancy a life with having fast car fast house fast woman, why should a doomday prepper need to invest into anything, or to improve the life standard? in the end only the rich can enjoy all the wealth of higher life standard too. btw it tiring to enrich the corrupted rich people, they are all born rich, also they do not need you to make their life better, all they need is fast car fast house and fast woman, just like the typical wall street broker. so value investing is better than investing, but why do you need it again, to improve living standard, to a doomday prepper? ...the financial systems because they are the causes of economic problems in ... that the poor have rich people in other countries, but this is what happens. .
So education and more of it is the solution.
don't blame the financier, all the banker are hardworking and decent human being, they are just the typical wageslave too, they also follow the system go to school get good grade and get good paying job with benefit and they also hoping a happy ending in life just like anyone else, they can also occassionally fall victim into ponzi and online scam and loss their lifesaving and loss their job, i am telling you not to hate anyone, as a doomday prepper, and peasant also lowest class unimpressive netizen, i should be happy by own nothing and be happy and blame nobody for our loss. ....then definitely you can never beat the house and win over it.
as a doomday prepper, we never have the desire to beat the house. also a peasant who is lowest class hardworking wageslave, we should never dream of beating a house who is known to be above us in social class. every house is upper class human who is filthy rich and powerful. ...And always understand what you are investing in the first place, so you will never fall on wrong decision making that will eventually lead to an investment failure.
yup, don't even thinking of beating the house. not a doomday prepper nor a peasant stand a chance to beat the house.
...energy wither - people worn out too. the pride break. At the end the only thing stand by you is good deed.
it is good to have your name circulate all over the internet, and be recall again and again. you would see the name of bitcoin founder become everybody else inspiration, the name and statue of bitcoin founder getting built, not for the cause of getting filthy rich, not for the cause of amass 99.9% of all wealth. |
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I guess you need to explain what "being the house" means in this context.
allow me to do a little history briefing, it is wall of text btw. you may skip to avoid any mental agony. in my opinion, there is very few house, there is only three items which i can consider it is the house, yup just three and there won't be a lot of house, it has been true since medieval age. the term "house" derived exactly from the word "house" in the oxford dictionary, house being a concrete box, where you can live and start a life or family, that's it, it is just as boring as it sound, there is nothing complex in content or context on it. the three items mentioned as house being the gold(house of money) real estate(house of land) and the casino owner(house of card), all three of them are called the house, all three of them have existed for more than a few thousands years, fyi gold and real estate and casino owner(aka the house of card) has been rooting to a history of over a few thousands years. and you would wonder why there are just three items, because that is the bare minimium for a prepper(or a peasant, a peasant without a political title, a farmer, the lowest rank/class human) to survive under any extreme condition, it has been true for thousands years and never once failed where ruling class is all filthy rich upperclass amass 99% of all wealth and peasant are all dirt poor and there is also middle class who work for upperclass, when you look at society today do you see similarity, the modern feudalism where 99.9% population is peasant while the 0.01% is elected vp, congressmen?
gold, real estate, and the casino owner. only this three "property" is the house, and these house must always win. would i reconsider whether bitcoin could be a "house" too. it is complicated to me, bitcoin only existed in less than ten years, but gold and real estate and casino owner has been around for longest time ever, they are all time tested "house" and they are also time tested always win (they have win rate 100% in thousands years), human races has been visiting casino for gambling and living in real estate and trading gold for many thousands years. yes, all gold and real estate and casino owner can never loss, 100% win rate, even during world wars they still must win 100%! for over too many years, thousands years of civilization, they are still relevant today. i'm unable to decide whether bitcoin can be considered a house, it hardly existed more than ten years and hardly thousands years time tested, not to forget bitcoin need to run on top of a computer, without computer there is no need for bitcoin too. it is hard to decide, i would like to consider bitcoin, but it has a lot of counterparty risk such as electricity, mining, icann, internet, and computer, it is hard to justify bitcoin can be a house, just simply illogical to think so.
although i didn't consider bitcoin a "house", but it is indisputable bitcoin does successfully in changing my perception on "money", a hard money, a money that is as hard as a rock, for your knowledge, money is not time tested, every money during the civilization do not last more than 200 years, (a lot of paper money come and go and never get mentioned again today in the last thousands years, nobody care about the paper money that is traded during the world war II, no bank want to accept the old world war II paper money too), bitcoin can be considered a new form of money, which is in line with the mainstream news perception on "bitcoin is the evolution of money, bank has to adopt it or getting phase out." am i trying to assert the definition that bitcoin is a money and would not last more than 200 years? well i hope i can make it clear, i would hope bitcoin to last forever, but in my lifetime that won't be my concern, i won't be living 200 years in this world to see bitcoin still existed in the future society, but that is more than enough for me survive without having to worry too much on bitcoin getting obsoleted, my only concern now is fiat would face the same fate very soon and in 200 years fiat would die and it is very near to its dead, it is too near to be honest, i need to escape or i would die too, which make bitcoin much appealing, better alternative to fiat which is about to die, bitcoin could last another 190 years that is enough for me to feel safe since i would have likely died by the time bitcoin getting obsoleted in the next 190 years.
back to topic, "you are not the house, you cannot win", it stand very true, you can never dream of beating gold, real estate and casino, even though you risk your life to try, you would still loss, you simply stand no chance to beat them. many try to beat the house, many have failed, many have died trying to beat the house, do not believe me, a lot of gamblers commit suicide trying to beat the house, read the news and horror story, do not just believe me.
about why it has to be 200 years? in my opinion, money is a form of memory in our mindset, in other word a perception "fiat is money" that live rent free in our mindset, we spend time resource and energy (opm opt opr) to make a piece of paper money work, "buying a piece of memory" make a lot of sense, fiat has value on our hand, because the bank spend a lot of time resource and energy to combat the counterfeit fiat, it is said "visa spend more energy on running the fiat currency than bitcoin protocol," it is true, the vast amount of energy on visa transaction is spend on combating the counterfeit digital fiat money, visa did a lot of verifying in their computer system to ensure the digital money they received through the mechant is "valid and genuine", all the anti counterfeiting digital fiat procedure required a lot of computing energy that's also why visa is a very energy hungry money, (that sound like fiat is also a Proof of Work), when it come to oversea money remittance the energy used to combat counterfeit fiat get more tedious, and bitcoin protocol make a better alternative to visa in comparison, "bitcoin consume less energy than visa in the same hundreds of billions dollar transacted with POW" which is a very big milestone to the money transfer system, because the energy saving is jaw dropping! and why money could only last just 200 years? because people would forget the piece of memory as time past, when the last person who accept the fiat cease to existed in this world, that is also spell the end of the memory of the fiat money they hold.
"your wealth won't last more than two generations" hold very true, two generations also means just 200 years, when the last person cease to existed it is also spell the memory with the person would also be gone, just within 200 years, nobody can recall the memory from the 200 years ago, that also include they can't recall the money that is traded by the people from 200 years ago, the memory of them are all totally forgotten. look at the paper money from world war II, anyone care? zoomers try very hard to ignore every memory concerning the world wars, zoomers also do not want any paper money sourced from the world wars II? also the loss of memory of the paper money also result on nothing of value is loss to the future generation, your grand son do not need your obsoleted money and they would still live well in the future society. memory loss and money getting obsoleted might be the only reason warren buffett getting very pervasive on value investing, his approach although is questionable but he did successful in trapping a lot of young people with debt and loss money on investing, the youth who have debt would likely help keeping the money strong and never be forgotten and obsoleted within 200 years, the more debt the young people have, the stronger the money, the stronger the economy, and the less likely the money to be obsoleted.
warren buffett going insane on bitcoin is clear proof that he is insecure about the money (notably his money too) getting obsoleted, when youth all get out of debt and making insane profit out of bitcoin, it make his money getting less and less relevant, and eventually the money is totally obsoleted when all the youth pay off their debt with the profit coming from bitcoin.
now you challenge me to explain what is "being the house", it is as simple as to be doing nothing, just be the house and always win. to be the house and always win, all you need to do is buy gold, buy a house and lastly be the casino owner. to be value investing, you do exactly the opposite, believe in you can beat the house, do not buy gold, do not buy house, do not be casino owner, but believe you stand a chance to beat the house, you think you are more powerful than a house and can beat the house alone and like the superhero who beat every villian in the video, and believe by sticking with value investing, looking at the value on the screen, the stock screener, you think you saw an opportunity to make a winning "the beat the house" bet and success, fat hope.  |
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If you think in advance that you can't win, you certainly won't win...There are many ways to win ...the SEC that you criticise has done very well to consider it a commodity and not a security...
tbh many thing that is not even worth trying, include self harm and trying to kill oneself, but do we have a lot of people "trying" to do it despite knowing it is not worth trying at all? (kill yourselves, you want to argue it is worth killing yourselves, just for the sake of making profit and become instant internet celeb?) investing is one of them not even worth trying. it make zero sense to try to enrich the owner of the conpany by buying and propping up their stock price. yeah you would likely say i can make money flipping his stock price, by any means you think it is worth trying for making profit for yourselves, that is really toiling too hard to me. you are not the house too. now would you think about why it is always the professional, such as teacher engineer lawyer doctor accountant who often loss lifesaving on investing all over the news? i strongly convinced they are professional who dare to trying in life, since they enjoy trying the impossible, and it become their habit and they doesn't even grow suspicious on it, even though it would harm themselves by investing all of their life saving. finally i begin to wonder whether go to school, get good grade, get a good paying job with benefit is even worth trying when the job security is totally uncommon in today competitive market where the company you worked for often go bust? ...Many lottery winners who take a fast track to wealth end up poor again, within a short span of time... The key to beating the house is having some degree of discipline...
many lottery winners, in fact i have seem lottery gambler making winning bet, they made some few thousands dollar of prizes money from their lucky numbers pairing, but they often failed to say they also has a lot of losing bet which sum up to a few thousands dollar of loss too. what about the prize they win after the occasional lucky bet? obviously they didn't stick to the old adage of "you should quit gambling as soon as you make some small profit in casino and never look back." a lot of untold horror stories from the gambling addict, obviously i would not even interest in listening to their rant. but that is the reality in life, nobody would listen to the poor and unimpressed, if you are rich and successful everybody would listen to you....I don't think topics relating to finance, politics and the economy are rocket science. Most people are intelligent enough to figure out everything about them...
to me, economy is pretty much a make believe, full stop. most people are intelligent enough do not apply to the netizen on the /biz, they sound totally like crack head to me, are people today intelligent enough to fix the money problem? i often head about very intelligent people today could not even fix a $200 money problem in life, they are often having endless problem when it come to $200 debt payment. ...the least motivated and the least knowledgeable believe that their key to salvation is the most motivated and most knowledgeable fighting for them. But this is not where the biggest gains can be made.
i believe you are trying to say making mistake is exactly how to improve vastly in life. i am completely vouch for making mistake in life, because every miracle in life obviously must come from people who willing to challenge the unknown, aeroplane didn't just magically appear in the wild, light bulb didn't existed naturally unless thomas edison experiment on it, nuclear energy is a work of mistake created by einstein, they are all unlike what warren buffett tout about his magically compouding value investing, he said it is just existed so you just believe on it and you do not ask why, or even trying contradict with his point of views.
You're forget if most of cryptocurrencies are centralized... it's good if SEC want to have a control over the centralized coins in order to minimize the scam coins exist on the exchanges...
...But even though SEC want to control Bitcoin, they can't 100% control it ... via P2P without need permission from the centralized party.
most crypto is centralized, that also include bitcoin itself, the segwit in the bitcoin itself is unironically highly centralized, to help lower the transaction fee. why is centralisation gaining traction, idk? SEC would try to regulate, but before the SEC come in and trying to regulate, there is too many attempt to control the bitcoin, a lot of hackers try to control the code and they are all failed, i do not know what is SEC is capable of, i do not think they have a chance, the SEC can't even take down the bit torrent protocol....mindset in which you are blaming ...proven and shown credibility with his wealth is wrong?
...it is the same as the principle of the value investing?
warren buffett prove himself to be bailing out by the fed, with massive bailout in the expense of taxpayer money, that is a lot of courage and credibility to me, and he become the shiny example to the generation to come to emulate this success, by getting bailout when they screwed up trillion dollars in life, bravo, no wonder we have ftx, and lunatic today! |
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I do not know, but if they want to control, they can easily create companies and invest about a trillion dollars,
that is not how you control like a house did, obviously control freak can never be content with just controlling a few companies. who create this society? in my opinion, the control freak create this society, they are control freak because they can't allow anything that is out of order, they are like the pirate who control the sea, and the pirate own everything on the sea. As we all know pirate rule the sea, they are the house of the sea, and the pirate always win. they control everything on the sea, pirate can't allow anyone to be out of their sight and control, pirate demand anyone and any boat which sailing on their sea to pay tribute and protection money, the pirate is the control freak of the sea, the pirate is the house and the house always win. the pirate today is the control freak of the society, they are the house of this society, they can't allow anything to be out of order, they must always win. |
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if you are not the house, and have full control you cannot win. and you would also loss everything.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
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Another word - diversification...
Wow, hahahahaha, wow, ahahahahahahaha, hahahahahah, hahahahahaha, hahahahahah!!
From your very first sentence it seems you don't actually have much of a clue how the stock market works in reality...
I wish I never encounter such a disgusting, god forsaken, rampant, brutal and bs market. Btw mistake is made, lesson learned. I wish the future generation having better luck on not getting financially ruin by even more of this "old man tricks" pump and dump market and more and more horror stories come across all over the news or confession. But it’s not easy, good and decent and innocent human being are often fall victim into such tricks, just as easy as how they fall into the love poison in real life. Look thing is new when many still easily fall prey into it in 2000 and 2008, causing 9/11 incident and lehman, which is just a revenge in disguise. |
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Tesla stock was priced around $130 close to a month ago.
Today its priced at $200. An investor could conceivably have bought TSLA a month ago and came near to doubling their money within 30 days...
Looking at the stock price make me very angry. I no longer give a damn about all the stock market. After the mass migration from stock trader into crypto some years ago, I can see the old stock forum I frequent now look like a wasted town, and the scammers who took my money now are living in disbelief and very salty, despite all the stock still have very high price, but I finally see the point, the high price do not commend anything. Without gambler like me, the stock forum and the stock broker would slowly but surely suffer a downward spiral, and eventually collapse and disappear altogether with the forum and the stock exchange go offline, just like a nature of a business which going downhill once they have done their clown show. |
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... You need to sell to someone else for it to be a valid transaction...
I have had the answer to this, but I decide to reserve it for the very final show. When I’m the house in this game, getting a buyer isn’t a concern, I rephrase getting a buyer doesn’t need to take any efforts, house always win, it doesn’t matter getting buyer or getting seller, house is above the market, it’s above the buyer market, it’s way above the seller market, house is the king maker who decide even who can be the buyer and seller, the ultimatum of the game who have the final judgement. In the eye of a house, both buyer and seller are treated as a 4D chess player, buyer being the black player, seller being the white player, doesn’t matter black or white or buyer or seller, as a house I decide who win the game, all at my wills, also they’re all at my mercy and disposal, whether you’re buyer or seller you can’t ridicule my final judgement no matter how hard you try. Is it crazy thought? Not so crazy for a house , but very crazy thought for a trader, because trader can never be the house and think the same. I believe many have the answer to it at their mind at this point. I would still like to see how many can see the picture, without me giving complete hints. I can expect many can’t see it since they’re too obese with poor mindset. |
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How is that a popular belief...
One word, bankruptcy. Stock go to zero when a company goes bankrupt, which is too often, too many company goes bankrupt on the US stock market, it’s countless to think of, all over news with proof of bankruptcy. You goes to zero and commit suicide for accrued loan, companies didn’t die and can’t goes to zero, thank for playing the game. If you believe... why wouldn’t you buy stocks...
NOPE, stock isn’t much easier than a full time coach. It take as much stress. As much emotional and financial energy to a full time job to invest stock, and still get paid borderline poverty wage. It’s just not for me to work so hard for it, and the Wall Street enjoy all the fruit of my labour to trade stock. muh make passive income from stock, stress free, and without efforts, free money!Good luck believing on that bs. I don’t believe on leaving money on someone else custody and expect they won’t steal it for personal gain. Everyone cheat, politician, businessman, religion, broker, banker, man, lgbt, jew, professional such as lawyer teacher accountant, dog and cat, animal etc. |
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In your illustrative explanation... convey in this forum...
...want to control it but they can't do it and they really can't...
Control freak has got their eyes on the crypto, that’s totally something out of my mind, nobody would have believe that priori to 2020. Also remember there is nothing new about shilling your own raspberry, a lot of people has been shilling their own old coins collection since for <insert_year_here> ago, but the practice has just took a new level, now it’s shilling itself on the internet. Also I never include an answer to the question. So I would tell you here directly, despite the raspberry soar from $5 to $25 on perception, I didn’t make a single profit out of it, yup totally ZERO profit, it’s intriguing the price has changed but no profit is being made, which sound like what the Warren Buffett like to boost about magical compounding effect, I called it bullshit, the growing number is just an old man tricks to fool little kids, while trap them and enslave them financially, talk about someone with ulterior motives for their action.
Basically the mindset is that stock markets are already controlled by a few big companies...
...could destroy your portfolio and then get all the profits later on.
I don’t care what are other talking about, they’re trying to push their on belief which for me I think is very bad because I don’t want to get near with religion, religion always ended up with them getting conned there is no exception through the history every religion conned it’s worshipper, every damn religion, I can name a lot but you can conveniently just search in the internet. But I’m strongly convinced "front-running" is the new tool on the town for the hot boy to play with, they’re nearly always he house when they can front run anyone else in this trading game system. |
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... I wouldn't want to explain more because it would become a conspiracy or an assumption.
If you ignore it and stay silence on the topic, you are indirectly enriching the rich, while impoverished the middle classes, I don’t blame you for your own decision, but it’s always important to guide someone who is lost in the meaning of life, I had seem plenty of people who suffer midlife crisis, because they feel cheated in life. |
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...how the Tesla stocks prices ...
...I don't know what exactly you are trying to say in this forum ...
..."the biggest fool" theory...
It’s exactly what is happening right now. Is it important to know this? You can’t be rich if you don’t know this, that’s whole reason why middle classes are poor people today, clearly it’s too important to ignore completely. Of course I know what’s the impact when too many people learn this tricks, when everybody buy their own raspberry and flip the price to higher, the entire society would collapse, the money value would plummet, the hardworking group of middle classes would stop working for money, a bunch of de-civilisation would take place, think of Greece in the making on real-time. Greater fool theory? Tbh, it’s a bit misleading, nobody is fool when it come to money, it’s when anybody can be fool when belief in the religion, anybody can become mindless cattle when they believe it’s a honour to die for fighting the wars. There is too many lies behind this revelation... |
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Bitcoin becoming a pussy magnet. I can’t help but laugh out loud. Woman are attracted to gold, fast cars, fast house, fast foods, but to attract to bitcoin is a whole new level achievement unlocked. But don’t blame me for being rude, I’m not the one who force her anything. Although I’m still very skeptic that before 2017 many are calling bitcoin criminal and used to buy drugs.
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...Don't invest in stocks of industries...
It’s easier said than done. You may try to ignore it, but you would eventually give in. Because it’s a fascism, a fascism force you to invest even though it’s against your wills. Why I said it’s a fascism? Because anybody is risk averse, to make people accept risk, you have to force them at gun point. Don’t invest, yes, when it’s a fascism, then you have to give in, may be just some of the money, just don’t go full retard and invest 101% into it. |
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I have a raspberry, I buy the raspberry from myself at $5, two days later, I sell the raspberry to myself at $10, another two days later I buy the raspberry from myself at $15, two days later I sell the raspberry to myself at $25, how much money do I made?
But he see the price of raspberry getting going higher and he got greedy. Contradict to popular belief, stock market can never go to zero, despite having no real buyers, you would die but stock market won’t die, stock market would keep buying to themselves until eternity, the stock would always have price and never at zero. But it’s not zero sum, it is also not waste of time, it is also not useless and produce nothing of value.
The financial guy can see the full picture, but non financial guy can’t see it, non financial guy like professional doctor teacher lawyer accountant engineer are usually the one who gambling on the stock market, it is baffling, and they think they’re impressive and very hostile. Winner focus on winning, loser focus on winner.
Also because I buy and sell to myself, I am the house in this game, if he got greedy and play my game, he is not the house and may not win.
But should you invest in stock market? I dunno, you can try to beat the house.
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...It's human nature to want to go with...
I think you’re trying to say something like gambling addiction that could also be the norm and a human nature on stock market? Although there is often talk about stock market is business it’s not a gambling contract, Charlie Munger would never consider stock market to be gambling contract. |
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