Dan Sugalski@wordshaper@weatherishappening.network
@cryptadamist@universeodon.com …should have a portion of their holdings in these alternative investments for diversification reasons.
Which, on the surface, makes some sense, except that these alternatives are inevitably extremely risky and in many cases can never outperform (or even, often, match) more conventional investment options. So basically they’re all just crappy options masquerading as diversification…
Dan Sugalski@wordshaper@weatherishappening.network
@cryptadamist@universeodon.com …I have always assumed slick talking scam artists conned some big names and the industry has perpetuated the scam in part to save some fragile egos, in part because it makes firms which otherwise are stupid investment options money, and in part because a lot of people in finance just aren’t very smart and assume that since everyone is doing it that it must be right because they’re all Very Clever.[1]
[1]citation needed, and good luck with that