They are like Beany Babies 

Well I do agree with what you said with crypto. People “investing” (more like speculating) just because they think it’s a cash cow and “there’s a thing such as a free lunch”.

While I do agree that diversification is basic, it’s also a theory that was also tested with a lot of assumptions and parameters (for example, that the market information is fully efficient, no transaction cost...).

Markowitz’s model concept and theory is so widely used that it became the aboslute norm.

However, I bet over 90% of people investing (professional or personal) never read his paper.

On the other end, it’s a theory that rely on the definition you give on risk. In Markowitz sense (and the general one), risk is defined by portofolio variance.

Anyhow, there are other ways to look at it, if you actually spent time defining markets, doing in depth analysis with intrinsec value, your risk doesn’t reside in how many asset classes you have in your portfolio but on what you have selected as investment (not talking speculation here. Investment is at least 3 years). You risk is to chosse wrong.

At the end of the day, whether you’re right or not, people tend to forget that a lot of successess balls down to 2 factors : timing and luck.

Anyhow, crpyto is an interesting subject with a lot of possible applications but at this point it’s just gamble. When people start buying things just because they heard something or someone told them to, it’s not a good thing usually.


Good book on the subject of luck and randomness if anyone is interested is Nassim Taleb Fooled by randomness.

Hope no one had been burned too badly with this gutting....

Isn’t it to be expected though; high gains and high losses? It’s little more than gambling.

Lets just say I lost a signed Girl With Balloon since yesterday

Not sure if anyone noticed but these are market manipulation tactics. Wall Street getting into this is a huge mistake.

In 2 days over 200 billion has been taken out of the market cap. We went from 600 bil. To 400bil. This is the works of average people or even super rich ppl these are institutions money money around collecting profits and it’ll continue to happen

Not sure if anyone noticed but these are market manipulation tactics. Wall Street getting into this is a huge mistake.

In 2 days over 200 billion has been taken out of the market cap. We went from 600 bil. To 400bil. This is the works of average people or even super rich ppl these are institutions money money around collecting profits and it’ll continue to happen