I see posts like yours so often. They're ubiquitous.
It's like saying 'you don't need anything more than Windows Home. Just leave everything on default, let Microsoft work for you! Everything else is worthless overcomplicated crap.'
Meanwhile, the reality is that finance (much like any other industry) is filled to the brim with mediocrity, and even spending a cursory amount of time doing research would net a significant positive income flow. But people don't do it. They get discouraged when they find out the markets aren't 'fair', everyone has an 'edge', and they resign themselves into thinking that the best way to make money is to just give it away to one of the big players that made it all so unfair in the first place.
They milk your money for all its worth and give you a pittance, but you remain content with yourself because this month you made 6% return on your 'investments'. The S&P went up, after all, and you, the intelligent market participant, were there to reap the benefits :^)
Meanwhile, the 'intelligent' money that outwits you throws it all in Chinese Starbucks competitors that cook the books[1], speculative electric car companies that roll parts kits downhill[2], or leverages billion dollar funds 5:1 resulting in a magnificent $10bn implosion.
It's contentious in the sense that there's a non-zero probability that the SEC could step in and ban that practice, which is something that Robinhood outlines in their S-1 filing under the risks section.
>Message board people believe a lot of weird things about how markets work.
Message board people also love reading comments and not looking at the articles they're typically commenting about.
You can skim the S-1 and see why that is problematic.
In 2020, 34% of their revenue came from Citadel. 75% of their entire revenue stream comes from forwarding their clients' orders to one of FOUR market makers like Citadel. This practice in and of itself is contentious, and they readily admit this in their risk factors section of the filing.
They also readily acknowledge the absolute thrashing they would receive financially if even one of the four market makers decide to not do business with them.
I suppose if you merely skimmed over the speech, which I presume you did, since you found it boring, I can see why you'd arrive at those generalizations and platitudes.
I instead found insight on the strong spiritual characteristic of the East that the West lacked.
-of America's inability to decisively win wars after Vietnam
-of its future alliance/allegiance to China, which is more economic, but we see the exact same problematic outcome
-of the similarities of the outcome of censorship produced by Western media and groupthink compared to Eastern state controlled media, where unpopular ideas might as well be censored as they will never reach anybody.
-the problem of humanism without much 'spirituality', and how that drives forward America's mediocrity by its adherence to the letter of the law without much moralism, and how that cold adherence has led to a society that is prosperous yet at the same time quick to looting as soon as electricity is gone for a few hours.
-his questioning of the West's backbending subservience to former colonies
-the notion that communism has suffered a complete ideological defeat in the East, but the West's infatuation with it continues to allow it to persist.
-He actively critiques the 'forefathers' (as you put it) as well. Elaborating that the Western born view of the world developed during the Enlightenment and Renaissance has inevitably led to this self centered materialistic worldview.
I suppose this summarizes his main prevailing hope:
"If humanism were right in declaring that man is born only to be happy, he would not be born to die. Since his body is doomed to die, his task on earth evidently must be of a more spiritual nature. It cannot be unrestrained enjoyment of everyday life. It cannot be the search for the best ways to obtain material goods and then cheerfully get the most of them. It has to be the fulfillment of a permanent, earnest duty so that one's life journey may become an experience of moral growth, so that one may leave life a better human being than one started it"
What broke my spirit as a young kid getting into animation was the discovery that nobody at the Oscars basically gives a shit about animation. Flat out. 'Judges' willingly admit they don't see cartoons as anything but for kids and will regularly not even watch all of the nominees...aside from the Disney cartoons with their kids in theaters. Hence why Disney always wins animation awards. So imagine my disillusion when discovering the great stuff that came out from Japan or France, to lose to the crap by-the-numbers musical cartoons churned out by Disney for the last ~30 years.
This does create a problem though, because while nobody gives a shit about industry awards, they do generate hype and interest (and sales). And these sales generate future projects. Nobody is going to basically attempt an animation project aimed at adults when they know they can't get it marketed as anything but for kids, and even then, always play second fiddle to Disney.
And hence, animation is effectively all but dead in America. You have your Rick and Mortys and Frozens and not much else.
Seeing your comments on a few other parts of this thread makes me think that it's probably better for you not to bother with 4chan. As others have kindly explained to you, insults on there are facetious as well as self describing, and of course, derogatory.
If you can't, or rather won't, see beyond that. Then it's just not for you. And that's fine.
It doesn't get censored, disappeared because the company tries to erase its history (cough Disney cough), and best of all, no ads!
I remember the thing that first drove me to piracy: previews. Nothing like trying to watch a VHS or DVD rental and being subjected to 10 minutes of ads. DVDs were the worst perpetrator, with bullshit unskippable ads before you even got to the menu.
You could make the same argument for inane twitter posts calling out to "kill all white men" or defund the police.
In the end, the lines we draw are often in the sand, and the legitimacy of these threats have to be weighed with the consequence of real world actions.
People storming the Capitol Hill building shouting these things posed a legitimate threat, but so do feminists shouting these things in rallies in real life, or the people burning police departments during the George Floyd protests. What we choose to condemn however, seems to be completely arbitrary to passers by.
I knew Steve was on some real shit when he pulled out his electronic microscope to analyze some preserved jam for botulism.
The fact that he's now got a freeze dryer is also genuinely fascinating. Never has one man done so much for the positive exposure of the MRE community.
At a certain price, fundamentals do actually matter. This is the price discovery phase of a company that's not really well known.
The issue is that at current prices, speculation and forward thinking far outpace any value one could derive from analysis of fundamentals. A very successful strategy is momentum trading. Technical/Trend Analysis is all about understanding momentum trading, and at what entries and stops algorithms set up their strategies.
It's like saying 'you don't need anything more than Windows Home. Just leave everything on default, let Microsoft work for you! Everything else is worthless overcomplicated crap.'
Meanwhile, the reality is that finance (much like any other industry) is filled to the brim with mediocrity, and even spending a cursory amount of time doing research would net a significant positive income flow. But people don't do it. They get discouraged when they find out the markets aren't 'fair', everyone has an 'edge', and they resign themselves into thinking that the best way to make money is to just give it away to one of the big players that made it all so unfair in the first place.
They milk your money for all its worth and give you a pittance, but you remain content with yourself because this month you made 6% return on your 'investments'. The S&P went up, after all, and you, the intelligent market participant, were there to reap the benefits :^)
Meanwhile, the 'intelligent' money that outwits you throws it all in Chinese Starbucks competitors that cook the books[1], speculative electric car companies that roll parts kits downhill[2], or leverages billion dollar funds 5:1 resulting in a magnificent $10bn implosion.
[1]https://en.wikipedia.org/wiki/Luckin_Coffee
[2]https://arstechnica.com/cars/2020/09/nikola-admits-prototype...
[3]https://www.cnbc.com/2021/04/27/ubs-nomura-push-global-banks...