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Comment by systemvoltage | Hacker News Reader

I want us to get back to reality and fundamentals. These days it feels like the entire fabric of society is falling apart.

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It's not going to happen for a while yet. There is more money chasing fewer opportunities so we see equity asset inflation. This is exacerbated by increasing industrial centralization and the longest period of low interest rates on record, causing the average retail investors' only logical choice to be to put it in the market - be that index funds or individual "meme stocks". And if you don't? Inflation will slowly eat away at the money you've worked hard for. Classic TINA and "No Good Choices"/Catch-22.

But hey, I've 4x'd and 2x'd my GME bets on both spikes so who am I to talk, really?

It is kind of miserable though, either invest in a very shaky market, or watch inflation chew through your savings. It would be a fun game if working 40-50 hours a week wasn't the cost of a ticket to play.

I believe this is an argument for the coin. Pick your poison, really.

"In the short run, the market is a voting machine but in the long run, it is a weighing machine."

https://www.goodreads.com/quotes/831517-in-the-short-run-the...

But... “the markets will remain irrational longer than you will remain solvent”

Doesn't this only apply to short selling? How does that apply if you are just buying stock to hold long term?

Surely short selling is more relevant, but the ‘weighing’ machine is basically irrelevant compared to speculation. For instance, what companies paid the most dividends over the last 20 years? Are those the companies with the highest valuations over that time? How long of a time horizon do you need to show cash flow value from an investment versus speculative gains? I’m going to pull out my crystal ball and predict that today’s biggest companies in market cap will have below-average dividend performance for the next 20 years compared to the rest of the S&P.

ironic writing this right before $2 trillion is about to get distributed to the people by Congress, while the Federal Reserve is still buying corporate bonds across the entire curve and mortgages using money created at the time of transaction.

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