Yeah. “Genius investors” are just people who have insider information and know how to cover their tracks (or don’t need to).
Otherwise? Diversify and just ride the general economy. Barring insider information, it wins every single time.
Maybe thiel has insider info. Maybe not. Pretty much everyone assumes this is a bubble that will pop. I am a lot more skeptical (how many “bubbles” have we had that mostly just petered out or readjusted to reasonable levels?). But there is also an argument to get out while it is “high enough” and leave others to hold the bag if/when it does pop.
Yeah. “Genius investors” are just people who have insider information and know how to cover their tracks (or don’t need to).
Otherwise? Diversify and just ride the general economy. Barring insider information, it wins every single time.
Maybe thiel has insider info. Maybe not. Pretty much everyone assumes this is a bubble that will pop. I am a lot more skeptical (how many “bubbles” have we had that mostly just petered out or readjusted to reasonable levels?). But there is also an argument to get out while it is “high enough” and leave others to hold the bag if/when it does pop.
I think for most people that means some weeks you buy food, some weeks you pay rent.