| ▲ | nodesocket 3 hours ago |
| By this logic would you also consider trading OIL (USO) and Palantir a "obscene" market. |
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| ▲ | tomtomtom777 3 hours ago | parent | next [-] |
| Actually yes. I put my money in things I would like to see shape the future, which I think is what investment should be about: shaping the future. But disregarding this admittedly niche attitude; it's not the same thing. If you're opening bets on the ships being bombed before a certain date, you're opening incentives for people to do so. Although buying OIL or Palantir is morally questionable, it does not create such direct incentives. |
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| ▲ | trhway 2 hours ago | parent | next [-] | | >you're opening incentives for people to do so how about short-selling of stocks, isn't it the same thing? I'd even argue that sinking one ship affects say 10 people of the crew who most probable will survive in the warm Gulf waters whereis sinking a company may affect many people life outcomes probably causing a number of indirect deaths. CDS of 2008 would be similar example. >buying OIL or Palantir is morally questionable, it does not create such direct incentives it creates direct incentives to suppress competitors - wind and solar energy for OIL, and whoever Palantir competitors are. Wrt. "Hormuz open" - does the "open" definition includes the new fee Iran would be taking for the strait traverse (something like $1/barrel, nice for Iran, how come that they had't implemented such an idea before? one can only wonder) | | |
| ▲ | tomtomtom777 an hour ago | parent [-] | | > how about short-selling of stocks, isn't it the same thing? Yes. That's why it's illegal to short-sell your stocks just before you announce that your company is broke. There are no such regulations when betting on a bomb dropping on a boat. |
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| ▲ | nodesocket 2 hours ago | parent | prev [-] | | Shaping the future for “good” is not investing. That is ESG and if you value capital and capital appreciation ESG has been proven not to be a solid strategy. See also altruistic capitalism with such moral people as Sam Bankman-Fried, Elizabeth Holmes, Trevor Milton and Adam Neumann. Solid list of moral people shaping the future. | | |
| ▲ | tomtomtom777 2 hours ago | parent | next [-] | | Wow. I am not sure how to respond to this as you seem to have a completely different mindset. You mean to say it is "proven" not to be a solid strategy as in not maximizing profit? Surely, you acknowledge that funding something is a rather direct way of actively supporting it. It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future. If you buy OIL to make money, you are still responsible for the additional investment made in oil, and are still shaping the future, whether you like it or not. | | |
| ▲ | nodesocket an hour ago | parent | next [-] | | > It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future. Absolutely, but I believe you are conflating investing vs donating. The literal definition of investing is: > Allocating money (or capital) with the expectation of generating a return or profit over time. | |
| ▲ | Invictus0 an hour ago | parent | prev [-] | | The ticker is USO, not OIL, and it's abundantly clear that you have no idea how it works. |
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| ▲ | sharmajai 2 hours ago | parent | prev [-] | | Who said investing is _only_ for "capital and capital appreciation"? It can also be for social good. |
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| ▲ | auntienomen 2 hours ago | parent | prev | next [-] |
| The problem with prediction markets is fundamentally that they're unregulated. Modern equities and futures markets are highly evolved and rather carefully regulated systems. We've spent centuries learning what the failure modes are and how to guard against them. It's never perfect, it's never going to be perfect -- it's fundamentally a voting system -- but in general, we get liquidity and price discovery at a relatively low cost, while avoiding fraudulent and evil behavior like wash trading and criminal profit laundering. These new "prediction markets" have been put in place without any of those hard-earned protections. And surprise, they're rife with dirty trick and dirty money. |
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| ▲ | nodesocket 2 hours ago | parent [-] | | Agree 100% that prediction markets are the wild-wild-west with no insider trading protections, pump and dump, and no oversight. It’s perverting the wisdom of the crowd and efficient market thesis. |
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| ▲ | mvdtnz 3 hours ago | parent | prev | next [-] |
| Oil futures or any other commodity purchase that doesn't result in the buyer taking actual physical ownership of what they purchase is an obscene gambling market with perverse incentives yes correct. |
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| ▲ | isubkhankulov 3 hours ago | parent | next [-] | | How will commodity producers (oil companies, farmers) hedge their risk / stabilize their prices without speculators and their “perverse incentives”? | | |
| ▲ | DaedalusII 3 hours ago | parent | next [-] | | banana brains like OP will design a government that doesnt have natural price discovery and we will all end up driving Lada and with unstable prices and hunger | |
| ▲ | broken-kebab 2 hours ago | parent | prev [-] | | We will gather special people, very wise, and completely honest. They'll form a committee, and we will call it Gosplan, comrade! |
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| ▲ | DaedalusII 3 hours ago | parent | prev [-] | | by this logic investing in SAFEs is obscene gambling with perverse incentives and we should shut down the venture capital industry |
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| ▲ | foxes 3 hours ago | parent | prev | next [-] |
| Yes |
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| ▲ | Octoth0rpe 3 hours ago | parent | prev | next [-] |
| Yep |
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| ▲ | 3 hours ago | parent | prev | next [-] |
| [deleted] |
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| ▲ | micromacrofoot 3 hours ago | parent | prev | next [-] |
| objectively so |
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| ▲ | antonvs 2 hours ago | parent | prev [-] |
| Why would you not? Unless you literally don't care about damaging our planet and civilization in the interests of your own personal profit. |
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| ▲ | colechristensen 2 hours ago | parent [-] | | At this point efficient pricing of energy is a strong motivator for environmental causes. Solar is ridiculously cheaper than fossil fuels and not subject to geopolitical risk. And once you have solar panels you've got energy for decades. Carbon-related environmentalism and greed now go hand in hand. |
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