As well he should. Crooks and manipulators, all. When you sit at the gambling table and can’t figure who the chump is, it’s you.
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“Crooks and manipulators, all” …
And what about realtors?
We’re former stock brokers or, in my case, lawyers.
Well, that’s what I do for a living, and it took (and still is taking me) a lifetime to figure out how to be, and continue to be successful, and I’m still here to talk about it after 40+ years in the business.
Crook or manipulator? Dunno. I don’t think so, of course. I just chose the avocation I loved from the start and stuck with it.
If someone is lured by what appears to be a lot of easy money and is disappointed they lose on the opposite side of a trade from me, I suggest they put in the time and effort I did and continue to do every day to figure out how to do better.
If they can’t or won’t do that, I would add further they they try to Know Thyself, if possible.
That may be asking too much. Look at seller expectations in residential real estate.
Pension funds and mutual funds are dumb institutional investors investing on behalf of retail
Endowments are taxpayer-subsidized dumb institutional investors which pass through their losses to retail in various forms, including higher taxes and higher college costs
Capital and losses are quite fungible in any modern economy w/extensive tax subsidies, welfare and bailouts for various industries, political donors and many voters…
Dow 12k this year
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