3 ms·
A stock is worth what people will pay for it. That’s it. Sure, there are models you can use to come up with a seemingly reasonable valuation, but that’s just
by devoutsalsa 6y ago
A stock is worth what people will pay for it. That’s it. Sure, there are models you can use to come up with a seemingly reasonable valuation, but that’s just a tool you use to make a wild ass guess.
- hntrader 6y agoExactly. I think gold is worthless because it's just a lump of metal that doesn't do anything useful. But apparently there's enough people that like shiny metal and therefore it's worth a lot. GME might just be an aesthetic purchase more than anything.
- devoutsalsa 6y agoA trivia snippet I like is that aluminum used to be more valuable than gold for a period of time in the 1800s. https://www.npr.org/2019/12/05/785099705/aluminums-strange-journey-from-precious-metal-to-beer-can https://www.npr.org/2019/12/05/785099705/aluminums-strange-j...