Warning: article contains no opportunities, just a list of conformities you can probably already guess. For all the hand wringing about virtue signaling, it seems like there are more redundant declarations of iconoclasty than anything else. This is literally the only genre less interesting than a well-known consensus opinion.
You seem to have completely missed the main point. Your ideological bias is showing here: "He's saying virtue signaling is bad. I can stop reading now."
> Instead, I’d like to argue that the market, at least important parts of it, may have become notably less efficient due to changes to the information landscape.
That's the point. The narrower the window of acceptable discourse, the more opportunity there is in looking outside it.
> For investors who dare to think differently, who dare to dig where few other dare to dig, there will likely be more alpha to be had, perhaps more than ever. And this will be particularly so where Overton’s window deviate the most from actual reality.
Oh no, I got the point - the idea that groupthink leads to inefficient markets is not exactly new, so it is easy even for someone at my speed to grasp. (And to the author's credit, he avoids mentioning virtue signaling.) The problem is that the article does nothing except state that things feel homogeneous to author, with no demonstration of the opportunities presented. So, it's a restatement of a very common pose: I see further than the masses.
> So, it's a restatement of a very common pose: I see further than the masses.
It's more of the many stages of grief of finance types.
Like he just wants the bad times to end and for the good times to resume again.
He wouldn't care if markets were irrational and inefficient but also making him money.
People who chose to be defined by how much money they make, and nothing else, are in for a shit time right now.
These think pieces are pretty funny gasps at this. I'm sure someone's going to accuse you of feeling schadenfreude or something - Hacker News is full of people who have been obliterated by the markets.
If the orthodox position was what you took, then you have a lot of company in your wrongness. Everyone else will sympathize, because they were wrong, too.
