this post was submitted on 02 Dec 2024
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A totally normal thing (lemmy.world)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 9 hours ago

The 2008 crisis was an example of mass fraud

I guess it mostly depends on how you define fraud.

If i buy something from china, and on the way to the US it falls off the boat and into the sea, destroying it forever, is that fraud?

You can’t point to historical data saying your investment strategy is safe, even tho you completely changed the model.

historical data has nothing to do with the safety of investment. That's like looking at the fatalities in a war, and deriving the danger from being inside of trenches.

The safety is defined as a component of risk, and stated responsibilities. An extremely safe asset would be something like land, it never moves, doesn't go anywhere, people will always want it for something. Though it's not an investment.

A safe investment would be something like a long term diversified stock portfolio, or government bonds.