People with jobs put their retirement money in and the machine buys the same 7 stocks for everyone. It floats the whole market… til it doesn’t. Look up the work of Mike Green on the systemic risks of passive investing. You’re not crazy.
Michael Burry also talks about this. Green and Burry both hate bitcoin 😂
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Lots of otherwise smart people don’t love Bitcoin unfortunately. Taleb too. Doesn’t make em wrong about everything
Agreed. I listen carefully when Burry, Munger and Buffet speak - they’re very intelligent and have a lot of wisdom. Mike Green and Peter Schiff too.
