Quote:
Originally Posted by TwistedChief
Most of the people who predicted the housing market crash were short for several years beforehand and went bankrupt.
Most of the people who predicted high inflation post-financial crisis went bankrupt.
Most of the people who predicted that the world financial system would end because of x, y, and z went bankrupt.
Most of the people who are crazy and predict things that are crazy go bankrupt. If it makes you feel better to cite the few that don't, go for it.
But don't pretend you're amongst those few success stories because it's not like you're some contrarian going after something alone based on your own due diligence that goes against the grain.
Your entire analysis is trite and stale and based on basic web searches that - according to you - are "easy to find."
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I met a guy at a commodity conference in I think 09 that was pretty in depth on monetary policy. At lunch this dude this dude that was selling a newsletter singing the virtues of buying gold and this customer of his. The customer told me he sold his combine and put it all in gold. Soybeans won't matter much come midsummer....
I was like uhhhh...wut. I couldn't get out of there quick enough. I was enjoying the conversation up until then, but immediately discredited everything he said, and wanted nothing to do with wackadoo bean farmer.
Soybeans still mattered midsummer.