Re:Reasons the banking crisis isn’t a repeat of 2008
by Dylan16807 on Saturday March 25, 2023 @07:48AM
(#35301718)
> Especially when his strategy is to make the same bet that everyone else is making?
Who said that? I was just responding to "It's better to be wrong until you're right than right until you're wrong...because you will get the last laugh."
I assumed that "right" in the first half is at least somewhat similar to "right" in the second half. And that "wrong" in the first half is at least somewhat similar to "wrong" in the second half.
If they're supposed to have inverse odds, then that wording is very misleading.
> Last I checked, Bob’s investments so closely tracked inflation, its indistinguishable.
???
Please elaborate on who you think Bob is, because whatever you think it was not my intent.
Oh and Bob did not save 1/3 of his gains. To be fair, he spent it, living high on the irrational market all these years.
Meanwhile, Alice scrimped and saved and warned and was mocked.
She turned out to be right all along, and now she’s the queen of Barter town. Which isn’t a great place to be.
But the little guy who controls the resources and his muscle don’t need Alice, and want her wealth.