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"economics is so stupid. oh the costs go up so the price goes up so salaries go up and now everything is a bigger number but actual production is identical, nothing changed, you made it all up, it's all fake, economics isn't real
"like do you know what stock price means? literally nothing, it's just a number, what matters is if it goes up over time. u know what determines if it goes up? ALSO NOTHING!! NO ONE KNOWS!! IT'S FUCKING RANDOM!!
""it goes up when the company makes more money" nope! it SOMETIMES goes up when he company makes MORE money than was EXPECTED, but sometimes it goes down for no reason! people think other people think it'll go down so they sell and it does, or sometimes it doesn't!"
-- brat murdock (alicedembowsky), 2022-05-20
"It's pretty much an evolutionary environment that selects for chaotic nonsense, if anything makes too much sense then the locusts can (and will) descend and strip it to the bone. That might make for a fascinating experiment in a jar but not a very good way to run a society" -- ChastityEve (BeltedEve), 2022-05-20
[Today is the 64th anniversary of the first joint meeting of U.S. and European ALGOL definition committee. An important milestone for everybody who uses/has used Pascal, C, PL/I, SPL, C++, Javascript, ... ... (it's a damn long list). Tomorrow is the 63rd anniversary of the first meeting of COBOL definition committee.]
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I think the conclusion is that people should settle for the default rate of return instead of chasing extraordinary profits, but it might not work out that way.
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As Warren Buffett* advised, the best strategy for small investors is to buy "good" stocks and hold long term (until you see negative indications). Active trading is very likely to lose you money b/c you don't know who's controlling things, ... well, pretending to control things (in their own minds is the only place they control).
"Investing" in the market tweaks the same things that obvious gambling does. And those who can't quit when they've made a good profit will end up losing. It's not b/c of smarts that some "win big", it's luck.
* pretty sure it was him.
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