Sunday, June 13, 2021
Trivia or torture
"Social" "science" is either trivia or torture. No middle ground. Here's a great example of trivia:
Takes money to make money.
Two socio-demographic characteristics in particular – your age and your wealth – prove crucial for whether you managed to make good money on the Oslo Stock Exchange in the last 20 years, according to a new Norwegian study. Financial researchers have previously found that the rich and experienced investors are those who over time make the most money on shares by far. The media constantly reports on young people and students who have doubled or tripled their money through bold stock purchases in companies such as Kahoot, NEL, Gamestop and Tesla. “I’m afraid that a lot of people who’ve now made money on the stock exchange have a slightly overly rosy perception of what the future will bring,” he says. “A lot of them could get burned.”Duh. Admittedly the part about media hype is a lesson that youngsters could learn, but won't. ¶ 6:05 AM
