Comment on So...how the fuck do I trust *anything*?
Captainvaqina@sh.itjust.works 3 weeks agoI’m insanely curious, what was the open secret that your benefactor taught you that led to such success?
Comment on So...how the fuck do I trust *anything*?
Captainvaqina@sh.itjust.works 3 weeks agoI’m insanely curious, what was the open secret that your benefactor taught you that led to such success?
IronBird@lemmy.world 3 weeks ago
idfk, just a book that (in my eyes, considering it’s age and how well it still applies to today) showed beyond any shadow of a doubt the whole thing really is bullshit.
moreso than any movie/drama saying the same thing which I’d probably seen a dozen times over the years, a dusty century old book laying it all out there removed any doubt whatsoever for me. especially when cross-examined to peculiar differences I noticed comparing US financial markets to others around the world (which generally favor stability), and who ultimately benefits most from those peculiarities.
which ultimately means that it isnt gambling/speculation…if you utilize proper risk management and know (all of) the rules to whatever imaginary line your betting on, whose moving what, what they want, and how you best make $ of their $
until, eventually, your port is large enough that your the one actually moving things. at which point certain strategies just don’t scale up as well as others (recall seeing a Buffet interview saying as much to some reporter).
Just…idk…the flippant way these motherfuckers fuck with the economy, all to just make their lines go up. and how deeply entwined that is/has been with the US government, going back a good…100-125 years atleast.
i’m not completely batshit crazy, I dont really believe (yet) that there is some uninterrupted conspiracy chain going all the way back to fucking moses or something, just that we’ve seemingly built our economy around one generation of psychopaths breeding another to replace them, in some fucked up game of fake-oneupmanship.
elevenbones@sh.itjust.works 3 weeks ago
So whats the book?
Whostosay@sh.itjust.works 3 weeks ago
For real, not a very open secret is it
Canconda@lemmy.ca 3 weeks ago
the tldr is you have to follow the fundamentals of investing AND just bet against humanity. The real ROI starts when the human rights and environmental regulations stop.
Canconda@lemmy.ca 3 weeks ago
the tldr is you have to follow the fundamentals of investing AND just bet against humanity. The real ROI starts when the human rights and environmental regulations stop.
eightpix@lemmy.world 3 weeks ago
Betting on chaos, destruction, reconstruction costs, insurance payouts/denials, and instability for a growing segment of the population made many people rich in the 15th to 21st centuries.
When you are both the cause and the beneficiary of this exercise, that is Disaster Capitalism — an extension of the Shock Doctrine.
The doctrine itself can capitalize on accidents, natural disasters, political instabilities, and economic downturns.
Disaster capitalism foments “accidents” (see: Beirut explosion), natural disasters (see: climate change denialism), political instabilities (see: School of the Americas), and economic downturns (see: the Big Short).
bright_side_@piefed.world 3 weeks ago
Am also interested in the book, dm me if you don't want to write it publicly
IronBird@lemmy.world 3 weeks ago
Reminiscences of a Stock Operator
bradorsomething@ttrpg.network 3 weeks ago
Hey there, fellow Livermoore fan.
Canconda@lemmy.ca 3 weeks ago
the tldr is you have to follow the fundamentals of investing AND just bet against humanity. The real ROI starts when the human rights and environmental regulations stop.