Comments by "Maxwell Benz" (@Tential1) on "Louis Rossmann"
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It's a fatal flaw in humans laziness to not move on from something no longer profitable. The fatal flaw in people wanting to leave capitalism, is thinking productive members of society will continue to subsidize less productive members. An artist, who's work no one wants, is not going to get subsidized by me. And if we keep doing it, I'll move, create a new server, and have the hard workers come there, and leave the artists to redistribute their own wealth. Redistribution ends with the best workers leaving. And this is literally how America became powerful. Everyone around the world who couldn't gain value in their own country, left and came here. Including almost all of our top ceos currently... If you keep redistributing the wealth, people will stop coming here, and America no longer becomes the top tier country, and we regress. Europe is already in this stagnant mess, that's about to crash their economy, as the only way they can stay afloat is more government debt (400% for some of them). Europe isn't the solution.
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@edrosales1520 you're the worst kind of troll. You asked me a question, while being in the industry, so you already knew the answer, or lied about being in the industry. And rather than clarifying what I said and helping the op understand exactly how the strategy works, you decided to just go off on a tangent. I'm not disagreeing with what you said. But that's a completely different topic. If you're going to debate alpha deterioration and say you're in the industry, you're lying. I'm the one who got baited... I wrote you a real explanation. Uh no shit I'm not talking like I do at work. Alpha decay is a widely known thing. Go Google it for christ sake. All I did was explain alpha decay in way more words than needed. I actually responded in good faith. If you don't know alpha decay, you failed your studies completely. Which is another problem with finance. People like yourself didn't pay attention in class. It's such a basic and core part about financial strategies, it irritates me to even think a person who claims to be in the industry thinks it's a good idea to explain a strategy which would lead to alpha decay.
You're not in the industry, stop lying.
What you're saying is the equivalent of "if you don't open up you're safe and show me your treasure, you're lying about having treasure." no... I just am not going to lead you to my treasure. And if you're in the industry, you just trolled me completely, because you could EASILY have answered your own question, and explained it more thoroughly and chose not to. Proving you're not in this. If you really believe in democratizing this info go ahead, explain what the op said in more detail. But you don't. You're just fishing for info, and I'm not giving it to you.
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@UserNameAnonymous your secret diet can only be used to an extent by yourself. If you kept losing weight, you'd die, so you would sell your secret to weight loss. If someone has a secret to making 10% above the average market returns, why would they sell it? They would employ it themselves, because it's more beneficial. Your analogy is idiotic. This isn't rocket science, like I said, it's literally just the definition of alpha decay. Anyway, believe what you want. If the financial industry has no secrets, you've got no reason to complain. You've got all the tools the big boys do and can easily learn everything they know. If I can't convince you there are financial secrets not widely shared to the public used by wealthy people to generate wealth fast, I guess that's not a bad thing. Less chance of any of this stuff being found out and regulated away. With that, I'll turn off notifications and have a good day. Maybe I would have believed what you did too if I didn't directly work with high networth people/orgs, but thank God I did since now that I have some idea of the game, I don't have to worry about things like never being able to afford a house. Not even sure how that would be controversial to say that there is a sector of finance dedicated to the rich to helping them generate outsizsd returns that is kept secret to the public but I guess they've done a great job of shaping public opinion to make regular people believe it's not possible Good luck in your endeavors.
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