alt Hacker NewsHe's made a lot of predictions: Apple will acquire Disney (recent), Microsoft will acquire Yahoo (mid 2000s), we'd have a "hard landing" in 2023/2024. None of these have turned out true. It's especially hard to meaningfully evaluate claims of crashes.
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bitwank • yesterday at 9:13 PM
Even if there was a 29 style crash, assuming you can hold for 20 or so years, less than the length of most home mortgages, you would still come out ahead. Not that it wouldn’t be painful for seniors and those who are middle age and not well diversified, but it’s hard to not see a US crash as a buying opportunity for international capital.
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Well, if I remember correctly Microsoft was very close to acquire Yahoo.
So it means it made sense to do it. Even if you correctly predict the economic, political currents, sometimes it is up to the actions of individuals that are very hard to predict.