Bear markets make michael burry feel smarter than he is

Unfortunately a lesson I had to learn for myself. Hopefully I can pass it on to the next generation, but I fear they'll have to learn it for themselves too. Don't pick individual stocks people, buy broad index funds at most.

Sounds like all the crypto geniuses, who are actually lucky guys, but could have been considered the dumbest idiots if cryptos had followed their natural course (being worthless).

Something that is not mentioned: The psychological burden when you check your portfolio multiple times a day.

It can become an addiction akin to sports betting. Your mind is constantly occupied by the market and how it’s going. It takes a heavy attention toll on anything other you want to focus on.

I have learned my lesson. I buy the index and look at my portfolio 1-2 times a year and focus my mind on other things.

I don’t know why websites even bother having text when it is this badly destroyed by advertising.

Unless you're a full time quant with a high deflated sharpe ratio you have no business making trades. It's not an investment to speculate on unpredictable price, that's called gambling, as Eugene Fama explained. Investments yield income. A stock buyback is not better than a dividend.

This is basically the entire thesis of Fooled by Randomness by N. N. Taleb.

Index funds and small investments in things that are still early that you believe in / care about are the way to go.

Day trading and dabbling in $GME, shitcoins, post-2023 NVIDIA, individual stocks, etc. are all bubbles.

Day trading is a scam. Trading firms are more than well-positioned to eat retail's lunch, every single time.

Day Traders only exist because of this. Bull markets allow them to exist.