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Snapchat with higher valuation than Deutsche Bank. Tells you a lot about two different industries at once - but if i had to invest in one i know I'd always choo
by summarite 10y ago
Snapchat with higher valuation than Deutsche Bank. Tells you a lot about two different industries at once - but if i had to invest in one i know I'd always choose the latter over the former.
- nerfhammer 10y agoAh, the stable world of high finance. DB is running close to defaulting on its debts.
- lazyjones 10y ago> DB is running close to defaulting on its debts. It's too big to fail though and the tax payers will save it.
- nerfhammer 10y agoSo, this is actually a good example of the stability in high finance? If you think the market is pricing DB incorrectly, and also the market is pricing Snapchat incorrectly... are these really counterexamples of each other then?
- nugget 10y agoToo big to fail doesn't necessarily mean that the investors (equity and debt holders) have anything left at the end.
- pavlov 10y agoThat's what most people would have said about investing in Facebook vs. Lehman Brothers in 2007...
- dplgk 10y agoYou retrospectively picked the winner (Facebook) of a bunch of companies in the same race. How would you have picked Facebook in 2007? e.g. MySpace vs. Lehman Brothers Bebo vs. Lehman Brothers Friendster vs. Lehman Brothers etc