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Why do you think it is? I feel like investors are pretty smart and surely understand that these companies are not worth all this. I see what you mean about mo
by l33tbro 5y ago
Why do you think it is? I feel like investors are pretty smart and surely understand that these companies are not worth all this.
I see what you mean about money floating around. But does it ever reach a point where there is a common sense counter-weight that maybe the latest pets.com is not worth the GDP of a small country.
- ytdytvhxgydvhh 5y agoI know a couple that retired to Miami recently. They know that climate change is real. They think Miami will be decimated by rising oceans at some point. They just don’t think it’ll be while they’re still around, so what do they care? I think Tesla’s stock is overvalued but I’ve momentum traded it a couple of times (especially when Elon’s tweets seem upbeat a couple of days before earnings are announced). Sure I think I’m buying at inflated prices but I’m guessing I can sell at even more inflated prices.
- l33tbro 5y ago> They just don’t think it’ll be while they’re still around, so what do they care? Ah yes .. the oblivion>reality optimisation the modern world has been gifted. Never ceases to create interesting use cases. You're smarter than me with trading/finance. I cannot educe much sense from any of it these days - and don't have the kahunas to trade on vibe. Weirdly, my only finance buddy (buys shares for super companies) actually cautiously observes a company's history and their management before investing in stocks. Maybe that'll become the move again once the asset bubble collpases.