The pre-Internet white collar economy was basically a universal job guarantee for personable people. That's increasingly going away, to be replaced with a more neoliberal attention economy with a more extreme distribution of outcomes. And one result of that is that it's possible to craft an online persona as the top of funnel for some product.
I'd like to point out that this is basically how all gambling strategies work. They work, till you lose everything. The house always wins. In this case, the house is the guy collecting fees to...
A strategy that looks good in backtests because it has some kind of nonlinear blow-up risk.
I'd like to point out that this is basically how all gambling strategies work. They work, till you lose everything.
The house always wins. In this case, the house is the guy collecting fees to invest your money in volitle assets for you.
This seems to be the key paragraph
I'd like to point out that this is basically how all gambling strategies work. They work, till you lose everything.
The house always wins. In this case, the house is the guy collecting fees to invest your money in volitle assets for you.