The stock market oracle values a dim chance for massive growth much higher than a very large likelihood of continued existence at current levels. Overoptimisti

The stock market oracle values a dim chance for massive growth much higher than a very large likelihood of continued existence at current levels. Overoptimistic money drives out realistic money and then suddenly the corporation has to fulfill expectations it might never have actively encouraged. Or else you lose at capitalism, whatever that means. The only chance to not play that game is to have patient majority owners who are fully willing to ignore temporary devaluation when disillusioned optimists jump ship.