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@kraigschmidt @asymco I’ve got such strong feelings about all that. Very much along Horace’s view here 🙂.
@kraigschmidt @asymco Trying to find daily / hourly / sub-second (or any other frequency) reasons for stocks moves (either human induced or machine-trades (built around human’s vague understanding and normative views around why stocks moved)) is not a good idea.
@kraigschmidt @asymco “The street” is not some magical aggregate of the individuals composing it thus forming “1.000% never questionable and definitively right views”.
People trying to sum-up what happens on it have something to sell.
People trying to sum-up what happens on it have something to sell.
@kraigschmidt @asymco Thinking about the underlying long term reasons is a much more pleasant exercise (to me) ☺️.
Getting rich fast is a wrong motive that leads to that kind of industry existing (and mostly not creating value, to my humble opinion).
(I’m mostly done but could go for hours 😅).
Getting rich fast is a wrong motive that leads to that kind of industry existing (and mostly not creating value, to my humble opinion).
(I’m mostly done but could go for hours 😅).
(For archiving purposes, @threadreaderapp please unroll).
