GMO is a perfect example of HackerNews's cognitive bias towards cynical and pessimistic takes and thinking they signal intelligent commentary.
GMO's assets under management have collapsed by well over 50% over the years as they've been consistently wrong about, well essentially everything, in the markets for 10+ years now.
But they wrap up their pessimism in technocratic mumbo-jumbo so it sounds like an objective take and a certain kind of audience eats it up.
GMO's assets under management have collapsed by well over 50% over the years as they've been consistently wrong about, well essentially everything, in the markets for 10+ years now.
But they wrap up their pessimism in technocratic mumbo-jumbo so it sounds like an objective take and a certain kind of audience eats it up.