A contrarian isn’t one who always objects - that’s a confirmist of a different sort. A contrarian reasons independently, from the ground up, and resists pressure to conform.

  • Naval Ravikant
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Joined 2 days ago
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Cake day: January 30th, 2025

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  • I was going to say liquidate my investments but to be honest I’m not sure I could even spend all the money in my bank accound in 31 days. I don’t even know what to buy. Beef Jerky and RedBull? I’d probably get my hands on some psychedelics though, maybe even hard drugs. One thing I would do is much more urban offroading with my truck since I no longer need to be worried about my license - or the truck. I’d probably go have a thai massage with a happy ending and try gay sex too because why not.

    All in all I don’t think I’d be living that much differently. I already know I’m going to die. I just don’t know when.








  • This kind of “active” stock trading is essentially an attempt to predict the future. If you own Nvidia stock and hear about a new disruptive technology entering the market, you might predict that its stock value will drop. So, you sell now before the price falls too much, intending to buy back at a discount once you think it has stabilized.

    When enough people do this, it triggers a chain reaction - investors see their holdings losing value and rush to sell before it’s “too late.” But in reality, it’s rarely too late because, more often than not, the price eventually rebounds. The only reason people lose money is that they panic and sell at a loss. There hasn’t been a single stock market crash in history that we haven’t recovered from.

    That’s why writing news articles about short-term stock fluctuations is mostly pointless - these movements barely even register on the graph when viewed over the long term.