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FWIW, the context of that was him defending wallstreetbets putting money into gamestop. His argument was that for most investors stocks just represent a store
by bcrosby95 5y ago
FWIW, the context of that was him defending wallstreetbets putting money into gamestop. His argument was that for most investors stocks just represent a store of value and little else - not some bullshit "owning part of a company" or even "fundamentals".
Part of his argument was that even companies like Apple have gone way beyond any valuation anyone would have thought reasonable as little as 10 years ago.