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izacuslast Thursday at 7:55 PM1 replyview on HN

All of that is only true if the market is sufficiently diversified and not manipulated for profit extraction.

Right now it's not clear that is true.


Replies

wonnageyesterday at 8:23 AM

It’s one thing to predict a crash, it’s another to actually make money off of it. If you’ve watched The Big Short even those who predicted the housing crisis correctly nearly lost their shirt before and after it happened because timing the crash is the hard part. There is a whole body of research showing that passive strategies outperform active after crashes