Comment on The richest people in the world are morally bankrupt
zorflieg@lemmy.world 1 week agoI’m glad that worked for you. Everything changed in 2008. I would say the old cycles of the market and PE valuation rationality is gone in favour of meme stock style gambling. I think that anything written prior to 2008 on the subject is less useful and the yearly value taking cycle is only still maintained by the old school investors. Some who want some sort of comfort in their approach and want to believe they can make it work. Those people are just handing money to each other now while the billionaires just gamble large sums for bragging rights.
IronBird@lemmy.world 1 week ago
oh for sure, as far as P/E and “expected future dividend returns” and shit it’s all cooked. that’s not where the $ is
that book really is eye-opening, wallstreet never changes, they just occasionally rebrand.
PFOS is just bucketshops all over again, for an example. the game is rigged, knowing/accepting that is the first lesson you have to get into your head before you start making serious $.