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true investing is a long-term endeavour supported by discipline and tuning out the day-to-day noise
I agree with this, but it raises the question of whether "investing" should be synonymous with financial management and whether it's the right approach for everyone. Being highly aware of day-to-day details, combined with a reasonable model of how the world works, grants an advantage in prediction markets. Maybe this is the right financial management tool for people who would otherwise just be Cassandras shouting into the void.
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Maybe this is the right financial management tool for people who would otherwise just be Cassandras shouting into the void.
no, they should shut up and buy Mr. Booth's index fund products (or at least be fish for his sharp traders in the market).
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at least be fish for his sharp traders in the market
I suspect this is a non-trivial portion of why they care that investment funds are going towards fun things that people are interested in.
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un-be-lie-vable.
...to the Gulag, etc?
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I agree with David Booth and disagree with @denlillaapan!