Those are 3 thresholds that a situation typically has to meet before people get upset about something. Arguably the 3rd one is not great, but the other two are just obvious and basic requirements. In this case even that last one is fine, the financial system is set up so that, in theory, other people losing money doing something stupid is a problem firewalled to just them.
replyWell, in this case, it's your pension.
replyIt isn't my pension, and if it was my pension the major issue would be that I was relying on people I think are untrustable with money to fund my retirement. That is one of those ideas so strategically bad that no tactical success or failure matters. I personally wouldn't choose to let more than a fraction of my money get pushed into that vortex. It looks like a disaster waiting to happen (hopefully I'm wrong and everyone goes home happy).
replyAs a rule of thumb in life, if someone is managing your money then you should by and large agree with their judgement of the markets.
It’s beyond naive to think this falling apart will not hit the jobs and finances of ordinary people who never touched ai investment.
reply