211–220 of 640 posts
> […G]ambling in financial markets often goes undetected […] because individuals confuse their actions [i.e., speculating] with investing.
The typical person speculates on the market — buying low during their working years, and hopefully selling high during their retired years.
The supposed "survey" or whatever the hell this is was taken from a bunch of amateur people who started trading out of boredom which depicts an entirely non-real picture of the people who have been doing this for a living since quite some time. Like with everything else, using your brain cells can quickly make you realize it's a lot more than "gambling"
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Well I've heard people say this. What about the ones that regret it? I know of one personal acquaintance of mine who confided that he regrets having his kid. He would under normal social circumstances not mention it, for obvious reasons. The problem is that it's a one-way street if you decide to have a child. Now if only one had an option to 'trial-run-before-one-commits' that would be ideal. I suspect (but not sure)…
You can always give away the kid, the whole adoption industry is here to help. In some countries you can even sell your kids, but it is frowned upon in many Western societies. Finally, fostering is the trial run you are looking for.
> you can always give away the kid
a child is not a goddamn pet or a commodity that you can just give away
> In some countries you can even sell your kids, but it is frowned upon in many Western societies
A common country where that happens is Pakistan/Afghanistan where young boys are sold to be prostitutes. I am GLAD it's frowned upon as it should be everywhere in the modern world.
> fostering is the trial run you are looking for
Again, children are not pets, fostering is the same as raising a biological child, if you're doing it any different and treating the child differently, in my opinion, it's tantamount to child abuse.
Frankly this comment lacks any humanity, and hopefully you choose not to have or foster children.
At this point I’m just watching a slightly younger cohort of men repeat all of my worst digital addiction mistakes like getting inserted into the online video game -> toxic online behavior pipeline (or worse, fascism), ideologies (Musk), crypto and options gambling (thanks Reddit a la 2013 for all of the crypto communities and WSB) too much computer (ouch, my neck, arms and back.) I’m not doing particularly well, esp…
Are they also drinking tons of soda? I can’t believe how much I used to drink. I don’t touch any drink with sugar (other than lactose/latte) nowadays. It’s so disgusting, don’t know how I ever did it in the first place.
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Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
>Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it. I doubt it, that's because to most people it does not feel purposeful, it's a chore. Most people who say it's purposeful are generally the most vocal ones, and I suspect the minority.
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Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
>Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it. I doubt it, that's because to most people it does not feel purposeful, it's a chore. Most people who say it's purposeful are generally the most vocal ones, and I suspect the minority.
The supposed "survey" or whatever the hell this is was taken from a bunch of amateur people who started trading out of boredom which depicts an entirely non-real picture of the people who have been doing this for a living since quite some time. Like with everything else, using your brain cells can quickly make you realize it's a lot more than "gambling"
> Like with everything else, using your brain cells can quickly make you realize it's a lot more than "gambling" Which sounds similar to how gambling addicts report their thoughts on their addiction - that they are smart enough to learn poker, or they know enough basketball to be able to predict outcomes. Like with everything else, some research and data interpretation shows that with the remarkable exception of two…
Warren Buffet bet a million against Ted Seides (head of Protege at the time) that a simple index fund investment would outperform any handpicked selection of hedge funds over a decade. And critically this bet was made in 2008 just before the market crashed! That's when hedge funds should disproportionately shine, as per their name, by hedging. In the end it wasn't even close.
[1] - https://www.investopedia.com/articles/investing/030916/buffe...
At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.
So I don't even try.
What’s old is new again. If you worked in a tech office in the late 90’s, every other guy had Ameritrade or similar up in a window. It was the gaming/porn you could get away with at work. Dot com roasted them all.
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I have net managed to beat the market. My estimate is that I've earned approximately $3/hour for the time I've spent doing so. And I was trading in such thinly traded options that it wasn't a matter of "scaling up" - I was literally only able to make money because I was picking up the pennies nobody else cared about. (And/or trading on events that were were rare, obvious, and in an area I understood, which also doesn…
Folks have an unhealthy mentality about beating the market, imo. You don’t need to beat the market if you’re not a fund manager trying to advertise your record. You just need to do well. The market is up 27% YTD. Most global trends suggest, to me, a greater centralization of wealth into the US. Just dumping everything into the SP500 is likely more than great for 99% of people for the near future.