IBBoard

@brooke @timbray I was talking to a colleague about that recently. He was talking about his stock trading models and the issues he was having with training them.

I tried to tell him that stock trading is just vibe-coding for stocks. He then tried to explain how it wasn't, starting with "Okay, so think of a brand that you engage with every day…" and I just looked blankly at him because… why would I pay attention to the brands?!

The rest of the discussion was then "So, I've got an Apple phone, so I think other people will want one, so I think they'll do well, so I invest in them". Which is just Vibes. And nothing about when to sell to actually make a profit 😐

Feb 24 at 6:29pmWeb
Show threadPwassonchat the enby catboyFeb 24
@ibboard @brooke @timbray "I like my phone" how very rational indeed 🤡
Show threadAzuaronFeb 25

@ibboard @brooke @timbray How the stock market USED TO work, a little bit better, was that you DIDN'T sell, generally. Companies that did well had dividends, which they paid out to their stock holders.

Then Ronald Fucking Reagan was like, "You know what should be legal? Stock buybacks."

And now the stock market's all "infinite growth, juice our stock numbers with stock buybacks while firing all your workers and bankrupting the company!!!!!!!"