[quote=deadzone]
Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]
Hate to break the news to you. Neither inflation or a stock market crash really hurts wealthy people. Most wealthy people aren’t speculating on 1-hint wonders and derive all their wealth from 1 specific source. And in many cases, they are hedged against single points of failure.
All jokes aside… You really think that a single correction in 1 stock is going to make a material difference in someone’s finances that they’ve planned 10,15,20+ years? Most of these people are not counting on growing wealth on one hit one shot wonders…Which is why on the other thread, I found it interesting that you took up specific short positions in specific companies it sounds in a sizable manner that materially will impact you financially. That’s a pretty risky move that I wouldn’t personally want to gamble my financial future that way. You need to be right fairly consistent to come out ahead. Me, I can be wrong many times and still come out ok…That’s the difference. I’m guessing that’s why you feel you need to prove you are right most of the time, and not the path I would choose to try to build wealth. The probability of you being consistently right in order for your outcome is pretty low, no offense. If you were that good, you would be working for one of the big i-banks as trader making a shitload of money.
If in doubt, just ask flyer. I’m sure he’s laughing his ass off about this post
[quote]
“Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.”
[/quote]
Wealthy people don’t count on the retail stock market to derive most of their wealth.
