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by baxtr 28 days ago
Fun times. Although I find it hard to blame them tbh.

They’re incentived to do so because apparently investors don’t understand the difference.

1 comments

Or, investors do understand the difference, but think they're buying low to sell high to "greater fools."

If the market can remain irrational longer than a fundamentals-driven investor can remain solvent, is it irrational to bet on the market remaining irrational?

Fair point. Reminds me of the Warren Buffet quote:

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

I have seen both. I have heard some talking on live television about how it is a bubble, but it isn’t popping yet, so keep investing. Everyone seems to just be trying to get theirs while the party is still happening.