"Every great venture capitalist in the last 70 years has missed most of the great companies of his generation... if it was a science, you could eventually dial it in and have somebody who gets 8 out of 10 [right]," the investor reasoned. "There's an intangibility to it, there's a taste aspect, the human relationship aspect, the psychology — by the way a lot of it is psychological analysis," he added.

Venture capitalism: famously the only human activity in history that involves human relationships, psychology, or aesthetic taste.

wall

[–] huf@hexbear.net 1 points 4 months ago (2 children)

gambler telling you they have a system maaaaaaan

[–] Philosoraptor@hexbear.net 0 points 4 months ago (1 children)

I'd bet real money that if you gave ChatGPT $5 billion and had it """invest""" it would do as well or better than most of these idiots. Poster children for "born on third base and think they hit a triple."

[–] TreadOnMe@hexbear.net 1 points 4 months ago

Not to tout YouTubers, but Micheal Reeves literally had a goldfish do his trading and it made him more money than the average hedgefund manager.

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