Comment on Seeing a lot of copium but am I fucking crazy? The market would have to do more than just recover for people to recoup their losses?
That’s called “timing the market” and it’s impossible without insider knowledge.
Well, impossible to do with certainty.
But people are paid to try and do it at investment banks, and with enough outsider knowledge they can often get it right
Of course that’s practically just gambling at a much greater scale
they can often get it right
They fail to outperform a broad market index like 85% of the time, and they charge fees for it lol
Yeah, you’re completely right, I was more going for not impossible, but it’s even more luck than I realised
9point6@lemmy.world 3 weeks ago
Well, impossible to do with certainty.
But people are paid to try and do it at investment banks, and with enough outsider knowledge they can often get it right
Of course that’s practically just gambling at a much greater scale
Cryophilia@lemmy.world 3 weeks ago
They fail to outperform a broad market index like 85% of the time, and they charge fees for it lol
9point6@lemmy.world 3 weeks ago
Yeah, you’re completely right, I was more going for not impossible, but it’s even more luck than I realised