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   HalvarFlake (halvarflake@mastodon.social)'s status on Sunday, 29-Oct-2023 22:30:23 JST HalvarFlake

   If the average stock picker underperforms Index tracking, why not use a portfolio of stock pickers, short them while going long the index for market neutral return?

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     I)ruid (druid@infosec.exchange)'s status on Sunday, 29-Oct-2023 22:30:20 JST I)ruid

     in reply to

     @HalvarFlake "Crypto" is also pretty bad. There's some interesting tech, but the entire ecosystem is awash with scams and grifters. Most that come to understand Bitcoin fairly quickly realize it's a different thing and separate it from "crypto" in their minds. Bitcoin is overwhelmingly good for society as a fair monetary system and incentivises clean & renewable energy, as well as soaking up waste and stranded energy. I highly recommend studying Bitcoin even if you currently don't like it for some reason (:

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     I)ruid (druid@infosec.exchange)'s status on Sunday, 29-Oct-2023 22:30:21 JST I)ruid

     in reply to

     @HalvarFlake Because it's all denominated in inflationary fiat. The yardstick isn't something else denominated in fiat, it's the monetary expansion rate. If the broker, index, etc. isn't beating the monetary inflation rate, you're still losing value. Very few fiat-denominated investments do. Average for the past 3 years was something like 18%. Are your fiat-denominated investments returning North of 18%?

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     HalvarFlake (halvarflake@mastodon.social)'s status on Sunday, 29-Oct-2023 22:30:21 JST HalvarFlake

     in reply to

     • I)ruid

     @druid with all due respect, this is entirely beside the point, and a bit of a cliché cryptobro reply: "I haven't bothered to think about the question, but my answer is fiat bad crypto good."

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     HalvarFlake (halvarflake@mastodon.social)'s status on Sunday, 29-Oct-2023 22:31:54 JST HalvarFlake

     in reply to

     • I)ruid

     @druid I've followed BTC since 2010 and have remained unconvinced of the utility of it.