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Exactly. Unless you believe you have access to information or insight that the market does not, you're just gambling.
by peteretep 10y ago
Exactly. Unless you believe you have access to information or insight that the market does not, you're just gambling.
- lightbyte 10y agoYou could also just like what Tesla has been doing and want to support them by investing.
- zorked 10y agoNope, invest in what will make you money. If you like what Tesla is doing buy their products.
- planteen 10y agoI completely agree you shouldn't invest from "liking" something. But it's an interesting proposition to buy their products to support them when they lose money on every car sold.
- eru 10y agoActually, if markets are efficient enough, you can just buy any old thing for a good price. (Ie efficient markets preclude superior returns, but before-taxes-and-transaction-costs also protect you from inferior returns.) So the downside to investing-by-liking might not be too bad.