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points by estetlinus 1 day ago | 0 comments

Are you implying the market will go up ad infinitum?

The "race to the bottom" (to devalue fiat currency and drive inflation) is a big reason why stocks, gold, real estate, and bitcoin are valuable to hold. The market will definitely go up ad infinitum, since that is the policy of all central banks.

[–] dd8601fn 1 day ago

It’s just a take on the old, “They predicted twelve of the last three crashes.”

If you can’t act on predictions they’re not meaningful.

[–] ngruhn 1 day ago

or picking the guy with the right prediction is not much easier than making correct predictions

[–] solyin 1 day ago

In the AI era, you just spin up 1024 bots making substack posts prophetizing the future. That's ten binary predictions. Delete the 1023 that fail. Keep the one account that perfectly "predicted" the future.

[–] estetlinus 58 minutes ago

I rather have one extreme win than 100 smol wins that get evaporated once the market crashes. There’s an expression that goes ”Eating like a chicken, shitting like an elephant”. That’s the beauty of puts.