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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops (futurism.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 3 points 10 months ago (1 child)

Mid-Cap index funds should be fairly insulated from the damage as well, given they would exclude companies as large as nVidia.

Either way, biggest thing people is when the bubble pops, that is the time to buy in more, not the time to sell. The buy high-sell low strategy is easy to fall into emotionally.

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  • [–] 5 points 10 months ago*

    that is the time to buy in more, not the time to sell.

    1000000%

    That's the other side of my strategy, having my portfolio in cash means I can reinvest at the new fire sale prices.

    I was able to pay off my student loans by buying oil stock at a 90% discount in March 2020 and then waiting a few years for the rebound. You don't even need to be rich to do it, just patient.

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