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26 sats \ 3 replies \ @SimpleStacker 31 Mar \ on: What to Own When Markets Are Crashing? (Wall Street Journal, James Makintosh) econ
When choosing a safe asset, it’s just as important to know who else owns it as to think about its fundamental properties. If they all sell in a panic, you’re stuck with something worth a lot less if you need to sell in a hurry.
When others are selling in a panic, it's the time to buy.
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30 sats \ 2 replies \ @denlillaapan OP 31 Mar
with what money, SimpleStacker?!
Y'alls still have fiat or even chairs?!
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0 sats \ 0 replies \ @Longtermwizard 1 Apr
That's a good question.
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0 sats \ 0 replies \ @SimpleStacker 31 Mar
One argument for staying diversified is simply to take advantage of silly market psychology
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