undefined | Better HN

0 pointsoarsinsync5y ago0 comments

> People aren't upset about losing money.

I’m sure this is true for a minority of participants in the stock market, and I’m sure this is true for a minority of retail investors.

I don’t believe for a second that this is true for a majority of retail money in the market. Most people care very much about losing money.

Just because there’s a bunch of noisy people making news about YOLOing their savings away, doesn’t mean they’re the majority. They’re just noisy and newsworthy.

0 comments

devin5y ago

Nailed it. The people upset by minor regulatory intervention to ensure fair markets are as ruthless as anyone in this equation, but they play the victim. If you knowingly manipulate the price of garbage stock for personal gain, you're not a victim, you're an asshole.

simonh5y ago

But, but, but they're restricting their freedom to be assholes and their personal liberties to do asshole things to people!

j / k navigate · click thread line to collapse