The 2008 crisis was an example of mass fraud, and I’d be happy to be proven wrong. You can’t point to historical data saying your investment strategy is safe, even tho you completely changed the model. Saying “mortgages are safe” doesn’t mean shit, if to compensate for demand you start handing out mortgages like candy.
I think calling it gambling is quite charitable. And ofc all the scam artists banks got bailed out.
The stock market in general is joke. There are so many stocks where it’s an open secret they are fake. Like the Ruble, Tesla and most crypto currencies. The stock market is a world of make believe, where any random decision can change everything. It still fascinates me that the second trump won with his tarifs on EVERYTHING, the stock market grew. What’s next? “Company CEO starts randomly shooting all his employees, stocks reach all time high!”
I guess it mostly depends on how you define fraud.
If i buy something from china, and on the way to the US it falls off the boat and into the sea, destroying it forever, is that fraud?
You can’t point to historical data saying your investment strategy is safe, even tho you completely changed the model.
historical data has nothing to do with the safety of investment. That’s like looking at the fatalities in a war, and deriving the danger from being inside of trenches.
The safety is defined as a component of risk, and stated responsibilities. An extremely safe asset would be something like land, it never moves, doesn’t go anywhere, people will always want it for something. Though it’s not an investment.
A safe investment would be something like a long term diversified stock portfolio, or government bonds.
The 2008 crisis was an example of mass fraud, and I’d be happy to be proven wrong. You can’t point to historical data saying your investment strategy is safe, even tho you completely changed the model. Saying “mortgages are safe” doesn’t mean shit, if to compensate for demand you start handing out mortgages like candy.
I think calling it gambling is quite charitable. And ofc all the
scam artistsbanks got bailed out.The stock market in general is joke. There are so many stocks where it’s an open secret they are fake. Like the Ruble, Tesla and most crypto currencies. The stock market is a world of make believe, where any random decision can change everything. It still fascinates me that the second trump won with his tarifs on EVERYTHING, the stock market grew. What’s next? “Company CEO starts randomly shooting all his employees, stocks reach all time high!”
I guess it mostly depends on how you define fraud.
If i buy something from china, and on the way to the US it falls off the boat and into the sea, destroying it forever, is that fraud?
historical data has nothing to do with the safety of investment. That’s like looking at the fatalities in a war, and deriving the danger from being inside of trenches.
The safety is defined as a component of risk, and stated responsibilities. An extremely safe asset would be something like land, it never moves, doesn’t go anywhere, people will always want it for something. Though it’s not an investment.
A safe investment would be something like a long term diversified stock portfolio, or government bonds.