neidu2@feddit.nl to Ask Lemmy@lemmy.world · 4 months ago"During a gold rush, sell shovels" - What are some other examples of this?message-squaremessage-square58fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-square"During a gold rush, sell shovels" - What are some other examples of this?neidu2@feddit.nl to Ask Lemmy@lemmy.world · 4 months agomessage-square58fedilinkfile-text
A couple of others I can think of: Crypto-boom of 2016ish: GPUs/mining rigs LLM/AI hype nowish: User generated data 90’s dotcom bubble: Server space
minus-squareOneser@lemm.eelinkfedilinkarrow-up0·4 months agoThis is identical for online brokers in the stock market. They win based on the number of trades, thus they make as much money in bust as in boom years with people exiting positions.
This is identical for online brokers in the stock market. They win based on the number of trades, thus they make as much money in bust as in boom years with people exiting positions.