A couple of others I can think of:

  • Crypto-boom of 2016ish: GPUs/mining rigs
  • LLM/AI hype nowish: User generated data
  • 90’s dotcom bubble: Server space
  • kozy138@lemm.ee
    73·
    3 months ago

    • During/after natural disaster, buy cheap land. Probably works during an economic crash too.

    • Protests & Riots happening? Invest in glass companies

    • Cloudy & rainy every day? Sell coffee (looking at you PNW)

    • War happening? Just sell bombs! (see USA) This one is particular good cause you can always start another war. It’s just smart business!

      • kozy138@lemm.ee
        22·
        3 months ago

        Gold Rush = high demand = invest in (aka buy) shovels

        Same thing, no?

        • Cryophilia@lemmy.world
          3·
          3 months ago

          No.

          Gold rush = a bunch of fools getting hyped up on the latest thing thinking they’ll get rich, but almost none of them will.

          Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.

          I’m not offering an opinion or interpretation of the phrase btw, that’s the actual definition.