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by xyzelement 1938 days ago
In general I am with you - invest at your own risk.

That said, having read WSB for the last few weeks as someone who's actually versed in trading and finance, it was like reading a nutrition forum where people told each other how delicious and healthy lead is and how they couldn't wait to eat more of it (if only they weren't feeling so sick.)

So IF there's room in our society for the government prohibiting lead in the food because yes, plenty of people are that stupid, there's something here - though I think these people would find some other stupid thing to lose their last dollar on.

1 comments

I'm not sure I'm on board with that lead analogy because everyone's investing goals are different.

I'd say WSB encourages highly volatile, short-term investments. For most people that's bad advice. For others, they'd much rather be broke or a millionaire than wait 40 years for their savings to steadily accumulate into a reasonable nest egg.

It's not just the goals, it's the reasoning. There are highly upvoted advice posts that are transparently illogical and/or based on factual errors.
I popped on at the height of the turn to see multiple posts about a "short ladder attack", a concept that exists nowhere except in the echo chamber of WSB.

The groupthink levels are enormous and frankly terrifying

lead is a great analogy here because its a sweetener.