Thursday, December 5, 2013

Investing in stupidity

My best performing “investments” this year:
Bankia +65%
Bitcoin +500%
Welcome to the post-modern bubble investment, where people actually know that they are investing in a bubble and don’t even bother to try to find some valuation justification.
I’m pretty sure the long term value of both of these investments is zero. My strategy is that as soon as I manage to convince myself to buy more, I’ll do the opposite and sell.
Not like this guy:

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