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by will_pseudonym 1941 days ago
35.5% in NFT's reads very young.
1 comments

Trying to figure out if author is serious about this. He did start out with disclaimer it’s not financial advice...
My money is resoundingly on yes. I'm deeply cynical about NFT's the same way I'm cynical about Beanie Babies and Pokémon & MtG cards. It's not for me, but I get it, and they'll likely do quite well in terms of investment returns.
But first: Let's establish it's not all wash trading.
To me, participating in these markets is akin to telling people you have a hot tip on a game of musical chairs where you know when the music is going to stop.

I've played those games successfully, a la GME and BTC. But I don't feel good about the proposition. I feel more and more that Charlie Munger is mostly right on this one.