Column: Bitcoin, dogecoin, NFTs, GameStop — is this the peak of investment absurdity?

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Has any era given birth to more dubious investment mechanisms than today?

“This is the ultimate result of the Greenspan-Bernanke-Yellen ‘put,’” says Webber, referring to Fed Chairs Alan Greenspan, Ben Bernanke and Janet Yellen. “People have been trained that the Fed is going to have investors’ backs.”

Another feature is the disappearance of negative sentiment from the markets. “Many of the smartest investment professionals have just said they’re not touching shorting anymore,” Partnoy told me. “You always want to have a balanced set of information about an asset,” Partnoy said. “You want to know that all the people who think it’s great and all the people who think it’s horrible have their information reflected in the price. The problem in the market now is that the people who think these investments are bad are not participating in the the market as much as they were.”

“It’s always a smart thing to be early into a momentum trade,” says Webber. “Everything trades on momentum and not on fundamentals, and if you’re early on a trade you’re going to win, and therefore people are encouraged to pile on. They think they’ll be smart enough to get out before they’re burned.”Who is smart enough, however? Someone bought GameStop at $300, $400, or $483; those buyers have sustained massive losses based on its current price.

 

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When in doubt, go with LAND.

Is the promotion of renewables ecocide? Thread:

Sub prime mortgages were fine though because those were done by people wearing suits in tall buildings.

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when you realize that the times are changing and generations are overlapping it's gonna be easier for you and everyone else to embrace the future whatever it is..... remember the internet was ridiculous... can kind the clip when Katie couric ask was is if you like

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