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and... this is how bubbles happen. Investors and fans say "but, but my stock isn't overvalued! Mine is the exception, its everyone else who is in the bubble!"
by drzaiusapelord 10y ago
and... this is how bubbles happen. Investors and fans say "but, but my stock isn't overvalued! Mine is the exception, its everyone else who is in the bubble!"
There's no sane scenario where a car company that sells cars in the tens of thousands over-values a car company that sells cars in the millions.
- stcredzero 10y agoInvestors and fans say "but, but my stock isn't overvalued! Mine is the exception, its everyone else who is in the bubble!" It was true if you held Google stock.
- drzaiusapelord 10y agoGoogle had a search monopoly. It trounced all competition trivially. I remember Google absolutely dominating the market and everyone shifting away from hotbot, yahoo, etc within a year or so. Anyone can, and does, make an electric car now and ones that don't cost $90,000. These aren't remotely comparable scenarios.
- Lambdanaut 10y agoYou've got impressive hindsight.
- stcredzero 10y agoLots of people made search engines back then.