Humans believe they have a soul. Many people believe they will live after death. Unable to cope with an ending similar to a TV screen going black, they live their life following some crazy books written by pedophiles and murderers (usually both). And they despise people following another crazy book.
Not less crazy than that is to realize that nihilism is the path to follow by intelligent people. But how intelligent is it to be a nihilist? How intelligent is it to believe in nothing and contemplate every day the absurdity of everything. Is that really intelligent?
There's no escape my friends. Whatever we'll do, it won't be that intelligent.
That was the despair intro. Now, let's go to an observation about people on the market. There's gonna be a little bit of despair there too.
My dear friend whom I've initiated to the market recently called me. He said to me that he sold about 30% of his stocks in december, in the eye of the storm. And now, mid-january, things looked better so he asked me about some new stocks to buy.
What the fuck? Sell low then buy high? My friend looked perfectly comfortable with that approach. And I consider him as an intelligent guy. The problem is that he keeps on seeing the market as a vague thing where stocks go up and down randomly. I don't think that he understands that the trajectory of a stock is related to it's financial performance (which should be the basis for anyone investing on the market). And he vaguely reproached me to recommend negatively Tesla to him while the stock recently going up something like 10-15%. What the fuck? He knows where I live and what I drive. How could he believe that my opinion about a stock is always linked to it's performance? I should live in a mansion and drive a car way more recent than my 2010 shit if I was always 100% right.
I didnt't have anything to answer about the Tesla comment. It would have been like arguing about my paranormal skills.