• flashgnash
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    1 year ago

    Isn’t this basically just how hedge funds work? Bet on someone with so much money everyone else follows suit?

    • Ð Greıt Þu̇mpkin
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      1 year ago

      The difference is that the dragon will actually be right more often than not. This would be like if a hedge fund actually worked instead of breaking average or even underperforming literally throwing darts at a board to decide whether to sell or buy.

      • flashgnash
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        1 year ago

        I don’t think it actually matters whether they make smart decisions or not though, they put a ton of money in and regardless everyone goes along and they make a profit from it.

        They dictate the market rather than follow it

        • shottymcb
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          1 year ago

          Hedge funds almost universally under-perform index funds. They don’t dictate anything, they’re just objectively bad at everything except marketing. They make their profits on fees they charge their investors.