There was a study released recently that was like "maybe macroeconomic conditions account for the success of traders alive today because they grew up and will die in the largest bull market in history." People like Buffett are exactly that. They are lauded as genius investors with all these strategies. But then you zoom out and see that you would have to try to lose money over the past 80 years in order to do it. Some definitely have. But our economy is ran by people who think being in the right place at the right time is a skill that can be learned. You see the same attitudes in real estate. People who got into the business when you could take out tons of loans at once, housing was cheap, you only had to pay interest in the first few years, loans were larger, etc. They became millionaires and billionaires. Then people getting into it right now are like "these people are geniuses."
also the rich simply have the mobility to escape a collapsing economy and invest in economies that aren't collapsing, instead. when all is said and done, these people will simply do capital flight and go live in some other right place, at some other right time. And those economies will kneel and kiss their rings to accomodate them, since their money is more than welcome.
There was a study released recently that was like "maybe macroeconomic conditions account for the success of traders alive today because they grew up and will die in the largest bull market in history." People like Buffett are exactly that. They are lauded as genius investors with all these strategies. But then you zoom out and see that you would have to try to lose money over the past 80 years in order to do it. Some definitely have. But our economy is ran by people who think being in the right place at the right time is a skill that can be learned. You see the same attitudes in real estate. People who got into the business when you could take out tons of loans at once, housing was cheap, you only had to pay interest in the first few years, loans were larger, etc. They became millionaires and billionaires. Then people getting into it right now are like "these people are geniuses."
also the rich simply have the mobility to escape a collapsing economy and invest in economies that aren't collapsing, instead. when all is said and done, these people will simply do capital flight and go live in some other right place, at some other right time. And those economies will kneel and kiss their rings to accomodate them, since their money is more than welcome.
deleted by creator
Why does this need to be inevitable? Why are we always talking about it like it’s inevitable?
because they only way to stop them is [REDACTED], so we're talking about what happens within their system.