Again, he refers to the majority of investors. Among other notable positions, he was a director at Vanguard for 28 years, which runs index funds. Index funds which the vast majority of managed funds regularly underperform thereby proving his premise. As for irony, the irony is that everyone thinks they are not in that underperforming majority.
No. He’s just one more voice of reason added to the others. But you be you. I’m not especially concerned about you since you go in and out as the market turns. You have not donned the robes of high priesthood. You just share “likes” with them.
While that might be true, I don't see why you need to be such a vigilente. We've always had bubbles and euphorias. Markets, be they Nasdaq or Bitcoin, have never cared about voice of reason but have always thrived on speculation. So why bother? The financial tide will ebb and flow whether you like it or not. Even after Bitcoin, there will be other speculations as well. It will never stop. That's just part of human nature. Edit: That's not to diminish others' belief in the validity of Bitcoin. I think there's a real problem in our economy, especially with the Fiat.
I agree with everything but your edit. You might not like the dollar, but opting for something worse is hardly the answer. This bubble is unlike most bubbles in that it is nothing but a fart bubble of elephantine proportions.
I was referring to the author and your comment about irony. I have no idea what is the point of this post of yours.
But look! Some people could have made a lot of money if they only looked into the future like when I made the following post (and, what do you know, BTC was only trading at 17196!!) . Bubble or no bubble, this is why market exists in the first place.
Whatever. You guys do what you gotta do, and good luck to you all. And I, as your favourite saying goes, will have fun staying poor.