Hacker News new | ask | show | jobs
by harshulpandav 2756 days ago
And with this mindset most people will not take any action until the big guys have taken an action. The timing could be the predicted time frame. But it is only too late by then and middle and lower class suffer. Top 1% controls around 40% of America's wealth.
1 comments

Small players who try to time the market are going to lose out to the big players. You seriously should not try unless you feel like donating a portion of your retirement savings to Goldman and Sachs bonuses. Just invest not thinking you know the future and let the Jötunn try to outsmart each other.
(Nit-picking: jötnar, since it's plural. But I like the image.)