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659 sats \ 4 replies \ @cyberpunk02 1 Nov 2023 \ parent \ on: Meta Econ Takeover Day 14 meta
Speculation is a zero sum game unless you have special knowledge/skill/advantage which is basically "inside" information
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0 sats \ 3 replies \ @Undisciplined OP 1 Nov 2023
That's about right, in expectation, at least according to the Efficient Markets Hypothesis. I think the quote is aimed at people who feel like they've identified a trend that other people aren't aware of and want to invest accordingly.
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566 sats \ 2 replies \ @cyberpunk02 2 Nov 2023
I know the hypothesis but... why do you type this?... The benefit from trading abstractions in markets is moving of risk and perception of risk, lets not go there... I like your nym. I can relate...
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0 sats \ 1 reply \ @cyberpunk02 2 Nov 2023
wasn't sure exactly why I was typing... but then 180 sats!! woop!
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21 sats \ 0 replies \ @Undisciplined OP 2 Nov 2023
Perhaps I should be a bit more discerning, but I like rewarding engagement.
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