What arrogant and cynical way of looking at business operations. You don't know how anything interesting turns out in the future. You make educated guesses and those cost money. When you run a business, everything costs money. But that is not "lighting money on fire", that is how all learning happens.

If anyone thinks they have figured it all out, stop blabbering around. Short the market.

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compiler-guy 3 days ago | parent | next [-]

"The market can remain irrational longer than you can remain insolvent." --John Maynard Keynes

Lots of people lost their shirts shorting the housing market prior to the 2008 crash. (_The Big Short_ highlights those who were successful, but plenty of people weren't.) But it was undoubtedly a bubble and there was a world-wide recession when it popped.

	▲	sebastiennight 3 days ago \| parent \| next [-]
		nitpick: longer than you can remain "*solvent", not "insolvent"
	▲	rvz 3 days ago \| parent \| prev \| next [-]
		Maybe we will get another one soon if we don’t realize quick enough that the promise of AGI is a complete scam.
	▲	jstummbillig 2 days ago \| parent \| prev [-]
		If someone claims to be certain of the future with much more clarity than the rest of us, yet is unable to find ANY way to turn that advantage into leverage, I certainly would not trust the person on that issue.

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mangamadaiyan 3 days ago | parent | prev [-]

The market can stay irrational longer than the investor can stay solvent.