A couple of others I can think of:
- Crypto-boom of 2016ish: GPUs/mining rigs
- LLM/AI hype nowish: User generated data
- 90’s dotcom bubble: Server space
-
During/after natural disaster, buy cheap land. Probably works during an economic crash too.
-
Protests & Riots happening? Invest in glass companies
-
Cloudy & rainy every day? Sell coffee (looking at you PNW)
-
War happening? Just sell bombs! (see USA) This one is particular good cause you can always start another war. It’s just smart business!
No.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they’ll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
I’m not offering an opinion or interpretation of the phrase btw, that’s the actual definition.
In the stock market, there are groups called market makers, that actually buy and sell the stock. They are required to buy and sell, but they maintain price neutral positions and collect a margin on each sale.
dont see ice cream trucks in the dead of winter
Delivery services and rideshares. People using them make meager wages, but the companies hosting them get all the benefit of people desperate for work or convenience.
Edit: in a similar vein, OnlyFans
Pretty sure none of you have any idea what this saying means.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they’ll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
Edit: because I know someone is gonna try this
That’s not an opinion or an interpretation. That’s the meaning of the phrase. It’s not this amorphous ambiguous thing where all interpretations are valid. It has a specific meaning.
… None of us were confused by the saying. You obviously are confused about where you stand cognitively, in comparison.
