r/WallStreetbetsELITE 1d ago

Loss Fuck. We are doomed

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656 Upvotes

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u/Dalcoy_96 1d ago

What a complete fucking waste. My dad who isn't a Trump supporter but fell for the whole strong man "I'm gonna fix everything" schtick, works in finance and couldn't believe Trump unleashed the tariffs. 🤷

21

u/monadicperception 1d ago

Finance people are actually quite clueless. Spouse is in finance and I, the lawyer, actually dictate our investment strategy (and we pulled out early this year so we’ve been spared the bloodbath). I attribute it to lawyers being trained to spot risks and to mitigate risks. Also, having an understanding of how the law works is a huge competitive edge.

2

u/AdagioHonest7330 18h ago

I find lawyers to be the absolute worst with investments. Lol trained to spot risks. Usually the lowest paid back office cost center in any Wall Street firm.