a fool and his money are soon parted, as someone once said.
the wave investor group is quite a thing. way out at the end of the hope bell curve, they rather sadly resent those who suggest a little bit of caution is useful. in spite of years of cash flowing outwards they still adopt and espouse management's forward-looking statements without bearing in mind the safe harbour provisions.
how many of them have actually learnt to think differently while watching wave?
not many.
it's a sad tale.
if ever wave turns out well, there's no claim to prescience to be had amongst that crew. wrong for decades, loyal to the spragues to the end, their process is blind faith and nothing more.
if you don't learn that disproof is the appropriate means of testing a theory, rather than ignoring the evidence and seeking only your theory's confirmation, you have not examined your own process.
all you've got is a religion. a religion that is about money only, because the wave ideal died long ago. how many wave investors even understood it in the first place?
and since wave is only a religion about making money, it is pretty much a piss-poor religion. the quality of the believers is confirmed by our own little troll, who seems to have invested over the years as heavily in monikers as in wave's stock. i guess it is frustrating to be so consistently useless and you have to salvage your pride somehow, even if in doing so you only further expose your own deficiency. an older man driving a sports car hoping it will grant an extension.
i long ago gave up on hoping such people were persuadable. they are the victims of their own process and resent anyone pointing it out. but there's no reason those who inhabit the rest of the bell curve shouldn't point to the history.
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