alt Hacker NewsThey don’t make money by being right, they make money by exposing LPs to risk. Zero commitment to insight. Intellectual production goes only so far as to attract funding.
They don’t make money by being right, they make money by exposing LPs to risk. Zero commitment to insight. Intellectual production goes only so far as to attract funding.
Also... they don't make money by promoting things that are good ideas that make sense. That's why every lucky billionaire tech bro that gets into VC ultimately invests in smart toilets. Ultimately, they just keep putting money into each slot machine they can find until one of them pays out a jackpot. Eventually one of them will make up for all the other losses.