@AnnaEconomist I am actually not sure, whether this is serious or sarcasm? Citrini's piece is intellectually interesting, but similarly to Marx, completely lacks understanding of how people really function and imagination how smart people overcome challenges
@ReneSellmann I am with you on healthcare, but not oil. People put oil in this category for last 20 years, many died on that hill. And if you look at $CVX, $XOM or $shel, we are at the top, not bottom of the cycle
@DividendGrowth There is wisdom in it. But there is also mediocrity. Great art performances, great adventures, great active sporting, great travel to get to know countries and people, can easily cost you 100s of thousands $ per year and family of four.
@modestproposal1 Well, economists have huge debates about impact of internet on GDP. Could be close 0. But nobody debates, it hugely transformed the way we live, work, shop, entertain,... and changed completely list of top compaanies. Same for AI
@kyleichan 1) this is factually incorrect for 30-years war and WW1
2) and both of these and WW2 show that decisive factor is really motivation of nations involved. The side that has broadly motivated nation wins vs the side led by emperor/dictator with emotionally uninvolved army loses
@Globalflows I agree that gdp or unemployment figures are amazingly strong. But is the economy truly strong or is it driven by expansion of credit financed by foreigners?
@marketplunger1 It's also very misleading 1) the rate of return is calculated from moment of investment, ignoring that money sit idle waiting for all time high, 2) only PM bonuses care about fixed period IRR. All investors care about is full return till now. And that will look very differently
@rubicon59 This is year I completely agree. But what makes you convinced, that nobody beats them in 5-10 years? They are not some kind of geniuses. They just bet on game players and by chance it showed useful in AI. Just pure luck. And now everybody and her sister tries to catch up. Right?
@SharpeShark I don't do that, but here are some latest fintwit casino bestsellers: $fnma, $envx, $mc.pa, $lulu, and obviously every serious casino player owned some $plug. It is 100% up in 1M ๐คฃ - hydrogen is future!