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More men are addicted to the 'crack cocaine' of the stock market

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Re: More men are addicted to the 'crack cocaine' of the stock market

#341

Post by kgwgk »

regresscheck wrote: post #321
SoftTalker wrote: post #313

Earlier quoted context omitted.

This is the reason dollar-cost-averaging works. You buy less (shares) when the market is high, and more when it is low, without thinking about it and without trying to "time" your transactions (which almost always fails unless you have inside info).

It works in a sense of not timing the market. Lump sum beats dollar-cost averaging - because you have more time in market.

Depending on the definition of “beating”. On average investing right away is better but the variance of outcomes is higher.

Re: More men are addicted to the 'crack cocaine' of the stock market

#342

Post by mrguyorama »

tokioyoyo wrote: post #256
ANewFormation wrote: post #242

Earlier quoted context omitted.

Because it's not only extremely fulfilling (well beyond what one might expect) on a personal level but also required on a social level for a culture to persist. And this is in the context of ever more people complaining of loneliness, lack of fulfillment/meaning, and more. These issues are almost certainly causally related. Help yourself, help society, and even have a voice (of sorts) in the future of humanity.

There are literal hundreds (thousands?) of philosophical schools for “meaning of life”. It’s really not a new question, and there won’t be a right answer, ever. Trying to convince someone that it is the only route to find a meaning just sounds a bit funny for anyone who watches it from the sidelines. My question, once again, is why tech circles started focusing on this and pushing it as ideology just recently? Wasn’t…

>My question, once again, is why tech circles started focusing (emphasis mine)

One answer nobody else is willing to broach is that Elon Musk and friends are hyper-breeder crazies who think the white race will die out if white men don't all pump out as many babies with as many women as possible, and they literally own multiple tech and social media companies to push such a narrative.

HN is more influenced by chud ideology than it should be.

Re: More men are addicted to the 'crack cocaine' of the stock market

#343

Post by navs »

I lost my life savings chasing the dopamine hit and can relate to this. I'm in my mid 30s and suffering from career burnout. I know I can't afford a home when I can barely work full-time so I figured I'd trade. I was up, and up and up!

Then I was down, then up, then down.

One morning I woke up and I was so down, I sold out of fear.

Now I'm left with so little I might as well be starting from scratch.

This feels like gambling and here I thought I was smarter than those people that lost in casinos.

Re: More men are addicted to the 'crack cocaine' of the stock market

#344

Post by guybedo »

dismalaf wrote: post #51

The most difficult part about the stock market is that stocks don't move for the reasons people think. People think fundamentals, news, financial performance, or chart patterns matter. But none of it does. Markets are driven purely by supply and demand. And in this case, supply and demand for the stock itself. Fundamentals are already priced in. Financial performance is already priced in. Expectations are priced in,…

I don't think it's as easy as "supply / demand" and everything is priced in.

There's many forces at play here, and many different ways to play the game.

Markets are not that efficient, not everything is priced in. Earnings would have 0 effect on price if that was the case for example.

Whether you play the market on higher timeframes or on lower timeframes, different factors come in to play.

I think it's obvious that chart patterns are a thing, (shameless plug here: i'm building https://edgefound.xyz, an app to create and backtest complex trading setups). It's actually interesting how many patterns (or setups) repeat across markets and timeframes. Mostly because prices are set by traders and traders react in the same way to the same events / price movements.

Re: More men are addicted to the 'crack cocaine' of the stock market

#345

Post by bombcar »

ANewFormation wrote: post #254
tokioyoyo wrote: post #241

Earlier quoted context omitted.

Frankly, I don’t buy the malaises argument. It obviously has some effect, but even the countries that are known for not being lonely has dropping fertility rates. And there’s almost no good argument for having more than 2 kids, which is basically a requirement for increasing population. People just have more stuff to do, and convincing a woman they should sacrifice at the bare minimum 6 years to give birth to 3 kids…

Every single woman needs to, on average, have a bit more than 2 children to have a stable population. Fewer than that and your population (once it shares the same fertility rate across generations) will begin changing at a scalar of fertility_rate/2 each ~20 years. So a fertility rate of 1 = 50% decline every 20 years. And it's exponential - that decline never stops or slows until you go extinct or start having child…

We could end up with a sustainable population where few women have children, but those that do have five or more.

Division of labor, as it were.

Re: More men are addicted to the 'crack cocaine' of the stock market

#346

Post by in-pursuit »

maximus-decimus wrote: post #303
in-pursuit wrote: post #129

Earlier quoted context omitted.

There’s obviously a huge difference between a scam and a violent attack. The person being scammed doesn’t ever lose their agency and willingly participates. That’s very different from a knife attack, where the victim would leave at every moment if possible.

> There’s obviously a huge difference between a scam and a violent attack. I do not agree with that statement. You're just justifying anti-social behavior.

Would you rather be scammed or stabbed? According to you, you should be indifferent. Personally, I’d prefer to be scammed.

Re: More men are addicted to the 'crack cocaine' of the stock market

#347

Post by caminante »

anon7725 wrote: post #69
bongodongobob wrote: post #48

Earlier quoted context omitted.

If the gains are huge, it's either temporary luck or they're cheating. You cannot have long term high alpha without either. If you meet a person who can constantly flip a coin heads side up, ask them to keep going and they'll either fail or you'll find the coin is rigged.

“It’s impossible for me to beat the market consistently” does not imply “nobody can beat the market consistently” or “nobody can beat the market consistently for a long enough time to become filthy rich”.

The N=1 or handful of people that are your exception kind of prove the rule.

Here's the thing...if you want to be pedantic, you need to explain how someone persists such alpha over time with examples. Not easy.

edit: See my note below on RenTech.

Re: More men are addicted to the 'crack cocaine' of the stock market

#348

Post by jocaal »

darkwizard42 wrote: post #206
kristianp wrote: post #118

Earlier quoted context omitted.

Is that a Hitchhikers Guide to the Galaxy reference?

The original joke I think is a play on porpoise and purpose. There is another great skit from Rick and Morty on the topic ( https://www.youtube.com/watch?v=X7HmltUWXgs ).

Norm Mcdonald also has a horrible joke about it

https://www.youtube.com/watch?v=n3LMSflEN54

Re: More men are addicted to the 'crack cocaine' of the stock market

#349

Post by mrguyorama »

soulofmischief wrote: post #234
jaco6 wrote: post #37

Earlier quoted context omitted.

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.

Doesn't this seem like a tautological purpose? Our purpose is to create a new generation of beings who question their own purpose?

It's not tautological because it's objectively wrong.

There is no biological purpose. We are just a multitude of chemical reactions falling down the entropy slope in a slightly odd way.

"Purpose" is a concept entirely made up out of whole cloth for hairless apes who accidentally invented language and that allowed them to do a lot of thinking outside the confines of their biological processes.

We are perfectly free to CHOOSE reproduction as a "purpose", but nothing about biology actually cares. If you don't reproduce, oh well, something else will take that spot in the ecosystem.

Re: More men are addicted to the 'crack cocaine' of the stock market

#350

Post by beacon294 »

tokioyoyo wrote: post #265
ANewFormation wrote: post #254

Earlier quoted context omitted.

Every single woman needs to, on average, have a bit more than 2 children to have a stable population. Fewer than that and your population (once it shares the same fertility rate across generations) will begin changing at a scalar of fertility_rate/2 each ~20 years. So a fertility rate of 1 = 50% decline every 20 years. And it's exponential - that decline never stops or slows until you go extinct or start having child…

I agree with you, and you’re probably right! My parents said the same thing. Both my siblings have children as well. But if the argument starts with “you’ll understand when you have kids!” to convince people to have kids… well, it’s like blindly trusting people. And again, it is coming from a person who will have children when the time comes. And relatively speaking, I’m doing ok financially, and it’s one of the prob…

Why would lab babies be unethical? Or do you mean some more specific scenario?
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