miercuri, 26 mai 2021

3 types of investors

 I watch lately a lot of economic channels, for entertainment value. Especially funny are those who promote Bitcoin.

I noticed that investors can be divided in 3.

Imagine that a ball is thrown up.

First group says that the ball will never fall down. In fact based on past data, the ball will go upper and upper. This is false and useless. For lack of better term let's call these folks, optimists.

The second group, of pessimists, says that the ball will fall, the bitcoin will fall, the economy will be in taters. They are right but their opinion is useless, unless they say when and where the ball falls.

The thirth group, champions, know when and where the ball falls, but they don't tell you because they are making money out of this information. In fact they can push the ball upward.