5 ms·
> Unprofitable I hear you, but... Meh, they say invest in companies who make products you use. I use the shit out of Uber and I don't plan on stopping even if
by mojomark 7y ago
> Unprofitable
I hear you, but...
Meh, they say invest in companies who make products you use. I use the shit out of Uber and I don't plan on stopping even if the price goes up a bit. Now, I'm upper middle class, and I understand this isn't everyone's mindset, so I have no idea how the rest of the world feels.
However, there are locatios, like my crappy hometown where I grew up not so fortunate circumstances, where hailing a cab simply wasn't an option. If you want to have fun at a bar, you're driving home drunk.
Bottom line, I believe in this product and I only see it growing in importance - regardless of who is at the helm. That's my gut feel, and that's why I bought in a little today.
- zackbloom 7y agoWho says to invest in companies who's products you use? That does not seem like great advice. You should invest in companies who are undervalued by the market in your opinion, not just because you like the product but because you think they have a good business around it.
- triangleman 7y agoI think Peter Lynch said that.
- smallbigfish 7y agoFirst rule is: invest in something you understand.
- baby 7y agoUber is definitely undervalued on HN. They have so much more markets to enter.
- AnimalMuppet 7y agoIf your business loses money on each transaction, entering more markets isn't going to save you...
- baby 7y agoThey are expanding agressively, that adds to the cost, they could also increase prices. I'm not worried at all.
- stevenwoo 7y agoI believe it's a paraphrasing of Warren Buffett's "invest in what you know". https://abcnews.go.com/Business/wireStory/latest-berkshire-hathaway-investors-worry-future-62823835 https://abcnews.go.com/Business/wireStory/latest-berkshire-h...
- whycombinater 7y agoYou are correct if your goal is to maximize the amount of money you have.
- vikramkr 7y agoDo they actually say that? You should only invest in companies you understand, and being a user if the product helps with that, but that's a metric for weeding out companies, not building a portfolio (i.e. if you dont understand them dont invest, but if you do it doesnt mean you should). The only real metric for investing is if you believe the expected value of the asset to you is greater than the market price. For example, I used moviepass, but I would never have invested in them because they were selling a dollar for 25 cents (which is why I used them...).