
Demetri Kofinas on 'Financial Nihilism'
Barron's Advisor
00:00
Is There a Connection Between Financial Nihilism and the Financial Crisis?
Financial nihilism is an investment philosophy that views objects of speculation as though they were intrinsically worthless. It's the full embrace that value is entirely subjective, and there is no objective value. We see this in certain meam stocks; we see it absolutely in crypto. Coin, i think, is e perfect example of this, because biqoin has no fundamental value in it of itself. Its value is entirely in its network. That's how i view financial nitilism. It's that nothing matters. You may or may not disagree with this, and i be interesting to have a discussion about it.
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