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Fundamentals isn't everything and is really a way that wallstreet has brainwashed people to invest in companies that provide no returns on their investment. As
by fma 6y ago
Fundamentals isn't everything and is really a way that wallstreet has brainwashed people to invest in companies that provide no returns on their investment. As an extreme case, a biotech company with no sales, no profits, no approved drugs and sinking money into R&D is still worth something, and can be worth a lot.
On a more practical case, if you'd preferred to have invested in Intel on "fundamentals" instead of AMD because INTC has 10x more sales...then go ahead. But you should know, 1 stock went sideways for 3 years and another is up 750%.
And Chamath Palihapitiya said it best when he was on CNBC...who got the TSLA investment wrong? Hedge funds. Who got it right? Retail investors.