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> No, you'd be insane to make bets on Tesla, for the simple reason that there are a lot of people making crazy bets on Tesla. Sounds like a Ponzi scheme.
by rumanator 6y ago
> No, you'd be insane to make bets on Tesla, for the simple reason that there are a lot of people making crazy bets on Tesla.
Sounds like a Ponzi scheme.
- thefounder 6y agoIt's more like a lottery because you "know" what you are doing
- rumanator 6y ago> It's more like a lottery because you "know" the what you are doing So do Ponzi-scheme victims.
- harry8 6y agoI make no comment at all on TSLA. Shorting a ponzi scheme in general isn't simply a bet that you have correctly identified that the scheme exists. It is a bet on /when/ the scheme will collapse. Dotcom boom 1.0 was called a bubble (different name, same smell) by plenty of people who did their shirts on it. They were right. The valuations of all those dotcoms were ridiculous. I'm not sure many of those stocks are still around. Altavista, yahoo, bajizoobmalimba.com, walkyourdog.com etc etc. Going long you can easily play the long game. "I'm not vindicated yet, but this is good, I can wait." Going short is not a symmetric position the other way.