We are in 10th inning of a 9th inning game which has ended.
It’s literally just few drunks guys at the stadium and like the retarded kids who run around the bases after the game with their parents.
That’s it. It’s over
A money manager who consistently beats the S&P 500 by +1% can attract infinite money from sophisticated individuals—but the opposite is true for growing a large userbase on a speculative investing app:
Instead, whichever product offers users the highest variance outcomes—either catastrophic losses or generational wealth—will grow the fastest, even if the expected value of participating is always negative.
Not only is the dopamine loop habit-forming, but it attracts highly social & manic users who are glued to their screens and will constantly promote their wins, roping in more & more people.
There's a reason why sports betting, meme coins, and Robinhood options trading is all that people seem to talk about.