Finance is heavily influenced by psychology and community, not just fixed rules. The ability to transact with strangers requires confidence in abstract tokens like money. Investing is about trading present money for future returns, relying on expectations. The recent boom in retail investing and cryptocurrency is explored in the documentary “This Is Not Financial Advice.” The film follows retail investors, including Glauber Contessoto, who invested all his money in Dogecoin. His journey reflects the concept of cruel optimism, as he experiences both extreme wealth and financial struggles. The documentary highlights the importance of self-perception and emotions in financial decision-making.
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