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Originally Posted by maniac_73
No guarantees with any investment and if someone does give u a guarantee u gotta run lol. The idea with this is that the collective are smart investors.
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Most of the smart money was in credit default swaps in the late aughts.
I think it was Bukowski that said "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.” My corollary is that you can never go wrong heading in the opposite direction of a pack of supposedly smart people telling each other just how smart they are.
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For example a sports card DAO can be done on an invite only basis to high end collectors to make sure that there is good decision making vs opening it to the general public.
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Yes, we all know how high end investors
always win in the market