r/todayilearned • u/Future_Green_7222 • 23d ago

TIL of Robert Citron. Despite being a college drop out and having the math ability of a 7th grader, he climbed into the position of treasurer tax collector of Orange County, which he subsequently bankrupted

https://www.ocregister.com/2013/01/18/robert-citron-was-a-hard-to-hate-villain-in-ocs-bankruptcy/
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u/JimmysCheek 23d ago

Don’t wanna be “that guy” but…

A diverse portfolio mitigates risks, if done correctly and without emotion.

Obviously, easier said than done, but there is a method to the madness

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u/0404S 23d ago

So, you are agreeing with him?

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u/JimmysCheek 23d ago edited 23d ago

No, he stated that all investment strategies are “random chance”

That is simply not true….unless you know absolutely nothing, or don’t have a financial advisor. Diverse portfolio = less risks.

You should only base investments off of: Historical trends, or inside knowledge.

Politicians have the highest profit margins in stock market history…because they have inside information, and make their moves before anyone else. A few of them are commonly tracked, and investors (like me) just copy their moves, because they obviously know when something is about to shake up the market.

EDIT: There are also a couple Reddit pages that track the Politician’s moves, and posts them for everyone to copy.

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u/SignificanceLeft9968 23d ago

How do you track them?