Clinicallydepressedpoochie@lemmy.world to No Stupid Questions@lemmy.world · edit-215 hours agoSeeing a lot of copium but am I fucking crazy? The market would have to do more than just recover for people to recoup their losses, correct?message-squaremessage-square52fedilinkarrow-up163
arrow-up163message-squareSeeing a lot of copium but am I fucking crazy? The market would have to do more than just recover for people to recoup their losses, correct?Clinicallydepressedpoochie@lemmy.world to No Stupid Questions@lemmy.world · edit-215 hours agomessage-square52fedilink
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up5·13 hours agoThat’s called “timing the market” and it’s impossible without insider knowledge.
minus-square9point6@lemmy.worldlinkfedilinkarrow-up1·13 hours agoWell, impossible to do with certainty. But people are paid to try and do it at investment banks, and with enough outsider knowledge they can often get it right Of course that’s practically just gambling at a much greater scale
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up5·11 hours ago they can often get it right They fail to outperform a broad market index like 85% of the time, and they charge fees for it lol
minus-square9point6@lemmy.worldlinkfedilinkarrow-up4·10 hours agoYeah, you’re completely right, I was more going for not impossible, but it’s even more luck than I realised
That’s called “timing the market” and it’s impossible without insider knowledge.
Well, impossible to do with certainty.
But people are paid to try and do it at investment banks, and with enough outsider knowledge they can often get it right
Of course that’s practically just gambling at a much greater scale
They fail to outperform a broad market index like 85% of the time, and they charge fees for it lol
Yeah, you’re completely right, I was more going for not impossible, but it’s even more luck than I realised