Your scenario is wildly unrealistic, but I’ll play along.
- Start a PE fund
- Start a bank
- Start an insurance company
- Start a consulting firm
I generally go with higher volatility because I am okay with more risk if the reward is on average higher. I like to go by expected values, not just what the return and volatility is.
What matters in the end is what return did I get on the investment. The only thing that matters to me.
All things related to what you already do. You are incapable of seeing yourself doing anything else yet, you expect a coal miner to learn how to code.
You have proven you are utterly clueless about investing, which is largely centered around mitigating downside/tail risk.
Well I have made good money investing, so there is that.
And you haven’t proved that you know anything about it either. I could look up a bunch of jargon and read a book or two, and talk down to people without ever actually showing that I know anything by explaining the why of investing.
Those things are NOT related to what I already do, they are not equity capital markets. I know VBA/Python, I taught myself programming with books before I was in middle school. It’s not exactly difficult. As one of the gentlemen above already addressed your statement, manual labor workers could shift the type of manual labor they do. Would there be an adjustment period? Absolutely, nobody is disputing that.
Well, to be fair a chimp could have hit a keyboard during the perpetual money printing the last decade plus and made “good money”, what matters is risk management/how one does in down markets and panics.
You expect me to violate a NDA by giving you strategy and positions? Is that what you’re asking me? Again, it’s not jargon and despite you being able to look it up you still can’t grasp it.
We’re grateful for retail lemmings, you people are awesome contrarian indicators.
They are not related to finance?
That isn’t what happens with automation. It doesn’t selectively go after one sector but jobs from many different sectors. There is also a potential big difference between manual labor jobs. It’s not like someone who works assembling cars could automatically go out and become a lumberjack or work construction with just some training.
So emotional. Or should I say, volatile?
Finance is ridiculously broad, running an operating finco is nothing like what I do now.
Again, nobody is disputing manual labor is different, but it doesn’t exactly take much intelligence and can be learned relatively quickly.
I sincerely mean that, without idiots in the market we couldn’t take advantage of mispriced assets. I’m 100% genuine: we are so grateful for people like you.
For someone who likes to call people on their ignorance, you sure show yours without hesitation.
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The only market I go to is a farmer’s market. Why would I want to help you, someone who makes nothing, make money by playing with my money? It’s not as if you were charming or had an actual personality to fall back on. I prefer lottery tickets and bottle deposits to build my fortune.
Even now, in the middle of a workday, instead of working you are posting on a forum and have been doing so for a while. You might want to learn a trade or something because I don’t see much of a future for you.
We can eat him first when the apocalypse finally arrives since he has no assets to help us survive.
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Give him time and he’ll learn. It’s easy.
I already said what I produce, I guess GED class didn’t go over how capital markets functions. You’re a joke. Anyway, done taking a nice lunch break with my family and getting in a quick workout. Enjoy the rest of your day.
But:
@plinnyc88 have not read all posts but, what do you think would a solution for all the displaced workers? How would they earn a living. With automation most low level jobs would be gone, only needing a fraction of the workers to program/maintain. How could workers pivot to a new career when most of the jobs they are qualified for are gone and they are not smart enough to work in other fields.
This is my concern, as society moves forward there is going to be a base level of intelligence needed to work and a large portion of the population will not have what it takes.
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Working out while posting on the internet. You’re one of those people…
He has no answer that’s why he talked about anything but that.