RE: You're NOT too Smart To Be Caught In A Ponzi
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The number one thing for most people to do is to never gamble with money you can't afford to lose. No investment is 100% safe but you can minimize the risk by doing your own research.
I don't think many people can really call themselves an expert when doing investing. Even I only do what I consider as fundamentals to guarantee that what they promise is feasible and reasonable. As always, you need to keep up to date with the latest news and if something seems fishy, there is nothing wrong with being skeptical.
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All investments have risk; some are short term risk, others long term, there are different risk profiles, and people need to understand that, but they get too focused on if I put in x in a period I get Y, but never ask WHY? They don't want to know because if they did, they'd have no reason to invest; you want to believe you're the genius at the table.
I see that with this Doge thing, yes, Elon Musk and Mark Cuban might own it, but it's such a small part of their portfolio that if it goes to zero, they won't care, and then you get people buying into it as a hail mary.
I guess that's why investing is hard because you have to put in so much work, you HAVE to fail to learn and you have to be able to be confident in your bets even when the signals arent going your way, that's a lot of things we're not used to or taught in life
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