Cory Doctorow on Nostr: In other words, you don't get rich from stock speculation by identifying the ...

In other words, you don't get rich from stock speculation by identifying the businesses whose profitability will grow the most - you get rich by identifying the businesses that *other investors* will pile into, pushing the price up. All you need to do is sell your shares *after* the price spike, but *before* anyone else figures out that the business is a turkey. It's like that old joke: "I don't need to run faster than the bear (market), I just have to run faster than *you*."

16/