The financial system as we know it today wasn't really designed but rather evolved in an era of genuine technical growth. Since we can't deliver the inputs (real innovation), but desperately try to maintain the outputs (economic growth), it has become more and more unstable (bubble prone).
There are people, like Warren Buffet, who do very well riding these waves. What I find weird is that some of them are revered on HN.
There are people, like Warren Buffet, who do very well riding these waves. What I find weird is that some of them are revered on HN.