Recognizing the market is irrational is the first step to realizing a better way is possible.
Perhaps it’s that both groups recognize the broken casino of the market and one is just trying to get lucky off it
I suspect it is more the folks complaining about the rigged nature of the markets that drive people Chapo-ward. Long explanations about how HFT skim pennies off transactions, big traders squeeze positions or distort prices, and high profile business professionals make predictions and suggestions that fail to materialize while still receiving endless praise for being rich...
It's very hard to walk out of WSB and have a conversation about the Rational Market Actor. That whittles away at all the Econ 101 shit you were indoctrinated with in high school.
Recognizing the market is irrational is the first step to realizing a better way is possible.
I suspect it is more the folks complaining about the rigged nature of the markets that drive people Chapo-ward. Long explanations about how HFT skim pennies off transactions, big traders squeeze positions or distort prices, and high profile business professionals make predictions and suggestions that fail to materialize while still receiving endless praise for being rich...
It's very hard to walk out of WSB and have a conversation about the Rational Market Actor. That whittles away at all the Econ 101 shit you were indoctrinated with in high school.