Comments by "John Smith" (@JohnSmith-op7ls) on "Ben Felix" channel.

  1. The market stopped being efficient when it stoped caring about fundamentals. Too much of the market is based on speculation and not achievable growth. The same has happened with all asset classes. That being said, moving your money from one bubble to another isn’t solving the problem. So might as well stick to the bubble most people are likely to stick with or return to despite a bust
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  2. If Bill Gates hadn’t listened to Buffet and kept most of his money in Microsoft, he’d be a trillionaire
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  3. What they tell people isn’t going to change the market. Plus they’re either saying it to rationalize what they’re doing, or they’re trying to sell you something
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  4.  @Magic_beans_ Mentally prepare yourself for the worst and have a plan in place. Applies to a lot more than just investing. You’ll be far less impacted if you already accepted something like that as an eventuality and reassured yourself that it will eventually rebound (if you live in the US anyhow), and come up with a plan to hedge loses and lower your cost of living significantly if needed. It’s the people who assume bad things won’t happen and have no plan when they do who react the most irrationally, making things worse
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  5.  @mangoman9290 Mentally, sure, financially, who knows. Risk tolerance is more about can you afford the loss and not whether or not you can mentally brush it off. If a risky investment strategy means you work till you die or lose your home if it doesn’t work out, it’s pretty irrational even if mentally you’re ok with it. Gambling addicts are mentally ok with losing to a fault, it certainly isn’t rational and shouldn’t be seen as a green light to take those risks
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  6. You can beat the market if you have the resources to manipulate people at scale, which has been orders of magnitude easier and cheaper than ever before. If some clowns in a Reddit sub can do it, you know it’s gotten too easy. “So much information available” has become a bad thing. It’s overload, it causes people to shut down and seek out shortcuts to make decisions for them. Thant’s why we’re in the golden age of fraud
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