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I want to talk to someone who has invested in Lyft (or plans to do so for Uber) through the public markets and is in it for a long-term buy and hold. Like some

by habosa 8y ago

I want to talk to someone who has invested in Lyft (or plans to do so for Uber) through the public markets and is in it for a long-term buy and hold. Like someone who really thinks the share price represents the net present value of all future cash streams for Lyft/Uber. I think I'd have a hard time finding someone like this. You don't have to believe the company will make money, you just have to believe you can sell your piece of the company to the next guy for more.

basementcat 8y ago
> You don't have to believe the company will make money, you just have to believe you can sell your piece of the company to the next guy for more. This is why people invest in gold and dogecoins.
miguelmota 8y ago
> you just have to believe you can sell your piece of the company to the next guy for more. Almost sounds like a Ponzi scheme