Edit: As a young person, it scares me.
Edit: As a young person, it scares me.
There should be ten or a hundred well capitalized Tesla competitors by now rather than all this idiotic old money chasing (fearfully) after dying economies ...
It’s very disturbing to think how actively harmful these misallocations are — the amount of money that still thinks an investment strategy that aims to protect the value of existing fossil fuel investment is a good use of capital ... pure blind delusion.
We are well past the point where you can make more money by investing to extend the timeline of fossil fuel returns than you could make by accelerating yourself away from your fossil fuel investments ... somebody needs to remind the investment community about the value of skating to where the puck is going to be ...
Personally I love Bitcoin bc it protects against this. Sure, it may be falling while the Fed tightens, but the Fed prints more often than it tightens.