Barry on the eventual fall of false belief systems and people who will not accept reality

The problem with arguing that Bitcoin is “going to zero” is that there are too many investors who are willing to buy it at a price far above $0. 

But there is one commonality shared by most of the successfully invested wealthy people I have known and know today. I would like to share that with you now:

Stocks are rising and no one is selling. They feel as though they can’t. 

Want proof?

Everybody lies

Ben says yes, investors are getting smarter. His evidence is the fact that a market sell-off of 35% brought in millions of new investors, arriving as they did, all at once, as though prompted by a divine thunderclap from the skies. It’s really quite remarkable that the reaction to a bear market was a speculative…

“We looked at sentiment changes in the months leading up to presidential elections since 1988”

I almost slipped and bought into the SPAC Renaissance. Almost. Draftkings looks legit. But Draftkings could have been a true IPO. The SPAC wrapper was beside the point. Chamath and Ackman will probably do something legit, those guys usually find a way to win. Maybe a few others. The rest are / will be garbage….

It’s not enough to be smart. Everyone’s smart.