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Comment by Chris2048 | Hacker News Reader

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Chris2048·

But how do you understand the market?

Is looking at the company numbers enough, or do you have to look at companies in detail?

Is domain knowledge enough, or do you need to look at corporate culture, people and business plans?

How fast do you need to be, in term of reacting to events?

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To answer your first question: be a part of it, either as a consumer or a producer.

My professional life now revolves around mining. I'm confident to know who to invest in and who not to.

My personal life centers around various hobbies - I'm confident I could choose a few companies in those spaces to invest in. Unfortunately, most of those are well performing private companies.

Just curious - are you worried about getting too coupled to the industry you work in? I try not to invest in tech since I work in tech. So a big downturn in tech would not only be bad for my job but also investments. Or would you possibly bet against mining?

I wouldn't put my whole portfolio in it but I'm not really worried about being too tied to the industry I work in. That might also be because it's mining. Mining is a large portion of the world's GDP (estimated to be in the range of 45-60% either directly or as a supplier to others). If mining as an industry suffers, we're all probably in a bit of trouble.

Tech is disrupting many existing industries, meaning ultimately more money will flow from those sectors into tech. I'm extremely bullish on tech for the next 5-10 years.

Supply and demand... if you know a stock is heavily shorted and Martin Shkreli owns 70% of all the stock and tells his broker to turn off the borrowability, then there's A) a lot less stock to short B) current shorts have to deliver C) less shares to buy when they cover

what happen?

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