Realizations:
1. Many successful companies have been shorting dollars for decades.
2. Multi-modal markets tend to force average returns on passive investment.
3. There are only two winners: Owner-Operators (because they care) and Fiat Shorts by leverage.
Great read:
In net negative interest environment, there’s no investment. You can choose between fixed loss or variable loss. There’s no security investment viable when you have a central authority choosing winners and losers. Paraphrasing Renatão…
As almost always with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's writing, great read indeed.
