[HN Gopher] Bitcoin and Gold Both Fail Miserably as Hedges, Inve...
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       Bitcoin and Gold Both Fail Miserably as Hedges, Investments
        
       Author : paulpauper
       Score  : 18 points
       Date   : 2022-09-08 20:36 UTC (2 hours ago)
        
 (HTM) web link (greyenlightenment.com)
 (TXT) w3m dump (greyenlightenment.com)
        
       | sbierwagen wrote:
       | >It's hard to beat boring old index funds. Quants are paid 6-7
       | figures to find strategies. Fund managers are paid billions, and
       | hire some of the smartest people in the world who obsessively
       | work on this stuff. What are the odds that your newsletter
       | subscription, podcast (Peter Schiff), or favorite commodities
       | blog (Lyn Alden) has some special insight or strategy that is
       | actually superior compared to what hundreds or even thousands of
       | highly paid experts have already done, and are greatly
       | incentivized such as bonuses and other compensation to find such
       | strategies? Pretty slim.
       | 
       | But... the index funds he mentioned in the previous graph don't
       | have quants or managers? QQQ is just every stock on NASDAQ.
       | 
       | ARKK is actively managed, but it only holds 35 stocks.
        
       | zibby8 wrote:
       | Cash is king
        
         | daniel-cussen wrote:
         | Spesh single dollar cotton documents, man that's stuff hot,
         | everybody takes them the blind take them, the beggars take any
         | bill but best that they be small they can spend them, same
         | cotton document basically, same number of autopen signatures
         | similar weight 1g I think, everything the same as the
         | uh...hundred-dollar bill, which is just...like I can't accept
         | $100 bills. A friend showed me one asked me was it real I said
         | let's see..."Printed 1996, O-Kay, uh less believable but it
         | looks pretty fresh so it looks newer"...I hemmed and hawed.
         | Then a few minutes later he said "look the corner of the paper
         | split into two sheets"
         | 
         | "aw aw...man you got robbed of a hundred dollars."
         | 
         | "Yeah..."
         | 
         | "Well you know it's not just United States that controls the
         | printing press, not printing that much first off second, North
         | Korea has just as good a printing press of its own. Panama
         | close..."
         | 
         | "mmm"
         | 
         | "Yeah $100 I would flat out never accept as payment."
        
         | jbverschoor wrote:
         | Until it isn't ;)
        
         | go_elmo wrote:
         | Youre losing $INFLATION%, very, very poor alpha sadly..
        
       | ArjenM wrote:
        
       | anm89 wrote:
       | Oh yeah, bitcoin is only up 700% over the last 5 years after just
       | crashing out. What a bunch of suckers.
        
         | michaelwww wrote:
         | Trees don't grow to the sky
        
           | anm89 wrote:
           | But Bitcoin has grown 700% despite your empty quip.
        
       | [deleted]
        
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       (page generated 2022-09-08 23:02 UTC)