I used to think this sub was a bunch of people joking about making dumbass investments but some motherfucker yesterday admitted that his most recent investment strategy was, "well it seems to me Korean people are going to be eating healthier and more plant based food and less meat" so he found whatever he could that was linked to Korean chicken and shorted them.
The motherfucker literally made a bet against fried chicken.
And how he found stock even related to it and ended up successfully losing money on that dumb fucking idea... that is a special kind of stupid
Kind of. If you are financially well off enough that could can just piss 17k into those kind of plays, you already bought all the shit you want. Now you are just bored and gambling to make the number go up
Dont get the point that the current happening to compare with the big short or dotcom.
The up- raising KI environment, the chips are real and these companies are making tons of money with their real products. Also Hawking has said if the KI starts to raise it will be rapidly fast in their developing. There isn't a real bubble. It's kind of pumped with overdose of money but nothing which seems to collapse.