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Investing as Entertainment | Shreyas Hariharan
Although they’re often derided as irrational, or gamblers, or YOLO traders, retail traders might be behaving perfectly rationally when you price in everything else that they’re buying: an experience, a status symbol, a digital good, belonging, entertainment, education, and more.
Packy McCormick • Software is Eating the Markets
A money manager who consistently beats the S&P 500 by +1% can attract infinite money from sophisticated individuals—but the opposite is true for growing a large userbase on a speculative investing app:
Instead, whichever product offers users the highest variance outcomes—either catastrophic losses or generational... See more
Nikita Bierx.comAdditionally, with bonds at all-time low rates, investors can make a rational argument that they should actually diversify into more interesting asset classes like art, trading cards, real estate, and sneakers, which are now more accessible due to Reg A+ and the businesses the regulatory change has enabled. It’s hard to measure the impact of “fun”... See more