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"markets can remain irrational a lot longer than you and I can remain solvent." TSLA proves this in spades, right now the stock is trading at more than double
by bb611 6y ago
"markets can remain irrational a lot longer than you and I can remain solvent."
TSLA proves this in spades, right now the stock is trading at more than double what Elon said was "overvalued" 10 weeks ago.
- krick 6y agoBut the bubble must collapse eventually, right? Enron was "the most innovative company" for 6 years in a row too.
- mcnamaratw 6y agoIt does. But there's not necessarily any safe way to profit on it. Shorting can force you out at the high. Puts expire.
- FeepingCreature 6y agoI think there's a missing financial product here. Something like an anti-index, where you buy "everything except X". Or better phrased, a way to get your bank to model you a dynamic index, where you can manually specify what is in and what is out.