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I feel like the ", in Reversal" is a bit of linkbait here. It's tantamount to saying "S&P 500, in Reversal, went up in March and April". All that's happening he
by boulos 11y ago
I feel like the ", in Reversal" is a bit of linkbait here. It's tantamount to saying "S&P 500, in Reversal, went up in March and April". All that's happening here is standard volatility around an incredibly noisy set of guesses on private company values.
Fidelity (and others) feel they have to (now have to?) publicly state what these holdings are worth. They don't get to just say "Well, the market decides" like their other holdings. Besides, even with public companies, many firms / analysts are tasked with guessing a price target.
- mathattack 11y agoI think the difference is they're supposed to mark-to-market to handle inflows and outflows from their accounts. Other financial firms (say Morgan Stanley or Barclays) provide price targets as a service to investors. (Whether or not they're accurate, or providing any real value with the "Service" is another story)
- inanutshellus 11y agoI assumed the title meant the traditional "fidelity" not "Fidelity Mutual". My mind raced for meaning: Are they saying employee loyalty at specific startups makes the company more valuable / likely to succeed? Or that infidelity amongst startup employees has a large effect on the startup's success? Reality is much less interesting. :-|