AGE OF INFINITE DISTRACTION

Michael Burry’s speech is about to become meaningful again. Some people never learn.


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cz

That was good stuff. Thanks Admin.

cz

On a different note,I’m north of Pittsburgh and enjoy your Pennsylvania perspective on matters.

llpoh
llpoh

Admin no doubt welcomes the chance to pay his fair share. I mean, who wouldn’t? And why would he complain if his fair share increases steadily each month, each year. Sarcasm off.

The problem is that the ones paying nothing get to determine what the fair share is of those paying everything.

Just one more reason I am getting the hell out of Dodge. The two wolves and the sheep are voting on what to have for dinner. Wonder how that vote will go.

*R*O*D*N*E*Y*
*R*O*D*N*E*Y*

Yo… uh 21 minute video iz too much jive ta listen ta. Can’t you cut da shit ta 100 meaningful werdz or less. Ya’ dig? –

Chen
Chen

Hard work pays off if you know where to dig. One too many shortcuts will land you back I the ghetto.

DC Sunsets

Bullshit.

What a phenomenal case of Survivorship Bias.

This guy was in the right place at the right time to see the right writing (on the wall.)

Do you care to guess how many people saw the same things a little too early or a little to late, or didn’t make a King’s Ransom (by being in the RPRT) and so they didn’t cash out and abandon their “sky is going to keep falling” strategy?

As a species we study the hell out of people who reached for and GRABBED the brass ring. We do so because we think that if we emulate their actions, we too will land that Lottery-Level wealth and in doing so, will secure our futures.

What we never see are the uncountable people who did those same actions at a slightly different time, and they were utterly destroyed by it.

That this Ponzi Finance folly (worldwide) is doomed is axiomatic.

The problem is not one of ultimate destination, it is one of timing.

Mises irrefutably proved in 1922 that “socialism” as an economic model is a catastrophe, yet the USSR outlived him. Its dissolution was inevitable, but lives came and went while awaiting its guaranteed demise.

We face this same problem day in and day out.

And the wisdom of those who SEE is not the question. Knowing and Succeeding are TWO DIFFERENT THINGS.

Never forget that.

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