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Before they go public, maybe. After they go public (not the case with Uber) then having different classes of shares makes stock a bad version of bonds with a me

Before they go public, maybe. After they go public (not the case with Uber) then having different classes of shares makes stock a bad version of bonds with a messianic belief that the founders will deliver returns. There was an article about this on The Economist recently but I can't find it quickly enough.

xenadu02 10y ago
On the other hand owning Google or Facebook shares was a good idea, no? Be wary of "obvious" things that "should" be true. A lot of people said the Fed was pumping up the stock market with QE, that inflation would go crazy, etc. I ignored them and bought into the market heavily in 2009. Maybe the market is being irrational but I sure did make a lot of money (doubling my personal account and nearly tripling my retirement) by ignoring so called "obvious truths" and investing in a "rigged market". Maybe in the long term you are right. You sure can lose a lot of money or miss out on a lot of gains that way too.
- bigtimeidiot 10y ago
  >On the other hand owning Google or Facebook shares was a good idea, no? Was it? Did you buy, make money, and sell? What about the guy you sold to? Is he the Greater Fool? How much money do you make from buying and holding a stock that pays no dividends, forever?