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SecretDreams 5 hours ago

Have you ever read Elon's wiki? Or any other individual rich enough to curate whatever views they choose?

Warren buffet did good and he came up with a winning strategy. Momentum was ultimately his friend and what drove his success. When ETFs are great today and their popularity largely because of Warren, I think a lot of what's increasingly becoming obviously wrong with the markets ties back to the original strategy behind ETFs.

There's no more self selection or focus on fundamentals. All pensions are now exposed and regular contributors to the markets, so winner and losing picking doesn't really exist in the same way and performance is no longer tied to reality. I dread what that means as populations stagnant since it puts some risk on future pensions and their somewhat ponzi-esque structure.

All the pessimistic rants aside - it's insane to refer me to a billionaire's wiki as an attempt to get to know them. I largely look at people based on how they might treat family, friends, strangers, etc. In that regard, I'm mixed.

jacquesm 4 hours ago | parent [-]

Elon and Buffet are polar opposites.

WalterBright 16 minutes ago | parent [-]

Musk at one point was one explosion away from bankruptcy.