UKBouldering.com
the shizzle => shootin' the shit => Topic started by: petejh on March 31, 2021, 10:31:21 am
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Poll as mentioned in the other thread.
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Pink anasazi please Carol
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
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Bye-Bye Buy
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
That option was downgraded
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
Where's the option for those of us who wish they had £900 to drop on nursery fees every month
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What’s “disposable”?
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
Will your kids be going to private school too? If not it won't be long before you suddenly find yourself with £900 a month to go deep on Doge.
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
Where's the option for those of us who wish they had £900 to drop on nursery fees every month
You think I have the money? I'm down to one kidney and where do you think my hair went?
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
Where's the option for those of us who wish they had £900 to drop on nursery fees every month
That's what the investment thread's for ;D
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Where's the option for those of us who drop £900 on nursery fees every month so have no disposable to piss away into meme stonks?
Where's the option for those of us who wish they had £900 to drop on nursery fees every month
You think I have the money? I'm down to one kidney and where do you think my hair went?
Luxury.
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Am i missing something, why wouldn't it be allowed on here? Is there some kind of censorship in what we can and cant talk about and if so why would this offend anyone.
Seems a popular thread if you ask me. Dont read it if you dont want to, i dont read many of the threads on here.
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Even though I'm the purported author of the tread, I have barely looked at it decided early on it's not for me, but like gme, got no issue with it being there.
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Dont read it if you dont want to, i dont read many of the threads on here.
My thoughts exactly. I clicked on the thread itself expecting to see some sort of amazing controversy but unless I missed it I can’t see any reason why it should be removed any more than the gin thread or whatever.
I clicked “no” on this poll when what I really meant was “yes” :oops: so the stats will be out by 1 vote though. :look:
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Leave it up.
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Am i missing something, why wouldn't it be allowed on here? Is there some kind of censorship in what we can and cant talk about and if so why would this offend anyone.
Seems a popular thread if you ask me. Dont read it if you dont want to, i dont read many of the threads on here.
Yup.
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I'm a bit conflicted both because its an interesting thread and of course it should be allowed. But i'd still rather it wasn't there. It adds to the fomo narrative where it seems that everyone is becoming rich on bitcoin and tin! It doesnt bother me but I do wonder if it is an unhealthy influence for some. Luckily everyone on ukb seems pretty intelligent and affluent so im sure its fine!
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Fomo Narrative ?
What you mean like a vast majority of threads on here, gin, whisky, font trips, trips to spain in lockdown, amazing places to visit, significant repeats, routes i wish i could climb but cant etc etc. i could go on.
This is the only forum i go on due to people being able to speak openly about anything but if it continues to head down a route this thread is suggesting i will be off.
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Don't go Gav, I need someone who to moan to who understands about shitty east coast surfing (or lack thereof).
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As I said I dont think it should be banned. However I dont think that finding out that people are going climbing while looking at a climbing website is really comparable to what I was referring to.
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Am i missing something, why wouldn't it be allowed on here? Is there some kind of censorship in what we can and cant talk about and if so why would this offend anyone.
I don't know, the debate about whether it should be here seemed to be largely between people who actually posted on the thread. I and several others who don't made a point of saying we don't mind it at all.
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The thread should absolutely stay.
Nevertheless, I find it distasteful. This is absolutely not because I have a problem with buying shares, funds or bonds. But I don't like the attitude to risk. Look at the recent thread on Orchrist, posters assessed the risk, some told us the consequences, someone else went through the tricky ropework that makes it safe, job done. Ignoring my (minority?) view that climbers over-estimate their risk assessement abilities in fields that aren't climbing or their actual job, I get an over-confidence vibe from the investment thread, at least in part from the discomfort at talking about risk. Contrast the Orchrist thread - it's "obviously very intimidating", "sandy and scary" etc etc - to Offwidth's equally obvious comments re investing, the former didn't raise any eyebrows whatsoever.
For me, this vibe is exacerbated by a discomfort about thinking about financial markets and how they work.The strong discouragement from discussing the theories behind various recommendations means to me those recommendations are sometimes a black box, quite the opposite of the Orchrist type approach which we'd all usually use in climbing.
Of course this could just be my bias here, I like thinking about how stuff works intellectual masturbation and I'm far more interested in the efficient markets hypothesis than I am in tin mining. But I think there's space for both and I think it should be the same thread.
The other thing I dislike is the skew towards bitcoin. As per this good blog post by economic historian Adam Tooze - https://adamtooze.substack.com/p/chartbook-newsletter-15 - I tend to see bitcoin as a sophisticated pyramid scheme. The blog suggests - I've not looked into the methodology of the survey so it could be bollocks - that bitcoin is much more popular in Nigeria, South Africa, Brazil, etc than it is in the UK, Canada or Germany. Tooze quotes another writer who says: "The demand to play life-changing betting games gets channeled into whatever the underground market can provide, like ponzi schemes."
So bitcoiners are mostly engaged in an environmentally destructive betting game in which winning involves - at least in part - taking money from people in fairly poor and chaotic countries. Sure, those people know what they are getting into, but I find it similar to middle aged men sleeping with 18 year old girls: it's not illegal but I don't find reading about it particularly edifying.
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The obvious retort being, you can - and do - talk about market theories on UKB all you like. There are threads devoted to doing so.
The reason in my mind for not wanting that thread to be taken up with long debates about market theories and big-picture risk is that they are intellectual debates surrounded by nebulous information. And intellectual debates are great and useful for having a grasp of the underlying mechanisms at play. But they don’t have any utility in the actual act of going out and researching specific companies or sectors and then investing at a particular price point.
Specifically on your comparison between the climbing thread and the investing thread’s attitudes towards risk - I think you’re completely mistaken (or perhaps biased) to come to that conclusion. Go back to the start of the thread - it couldn’t have been made any clearer in those early posts that investing is a risky endeavour. I even made the point of posting a post detailing my biggest losses over the years we’ll before I posted anything about recent purchase.
Other than having a sticky note on every post saying in bold *investing is risky - you may lose all your investment* I don’t know what more we could have said about risk.
Bitcoin is its own thing, I don’t see anyone on the thread who thinks it’s a solid investment. Be as distasteful and disapproving as you like, you’ll be throwing stones inside a big glass house. For what they’re worth we all have our opinions on what we won’t touch - I won’t invest in tobacco or oil/gas because I don’t like the idea of them but I’m not self-righteous enough to be disapproving of anyone who does.
edit: everyone selling a share is selling to a buyer - some will recognise the saying 'both seller and buyer believe they're being astute'.. And information asymmetry isn't unusual in the market or restricted to the trading of cryptocurrencies, you'd be better directing your disapproval at the whole of EC1.
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Should stay. Some really good insight by some posters.
Why are we even having this discussion....it’s not DFBWGC
p.s I would advise anyone investing to stick to the Zulu principle.... :)
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Nevertheless, I find it distasteful. This is absolutely not because I have a problem with buying shares, funds or bonds. But I don't like the attitude to risk. Look at the recent thread on Orchrist, posters assessed the risk, some told us the consequences, someone else went through the tricky ropework that makes it safe, job done.
The orchrist thread is an oddity in that the OP specifically started it to ask about the risk of falling - hence the risk took priority. If the thread was "recommend me some good yorkshire boulder problems" it's unlikely that the thread would have focussed on, or have been criticised for failing to focus on, the generalised risks of falling off boulders.
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However if someone said I have come across “ Store your vintage wine with webbo and watch it increase in value” This looks a good idea what are the risks. I’m sure someone might point out the potential risks. :alky:
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However if someone said I have come across “ Store your vintage wine with webbo and watch it increase in value” This looks a good idea what are the risks. I’m sure someone might point out the potential risks. :alky:
https://www.youtube.com/watch?v=q9Uyeilt9aU
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If it goes there will be trouble if it stays it will be double