4 ms·
Somebody once told me the world is gonna roll me. They also said the market can stay irrational longer than you can stay solvent.
by henning 5y ago
Somebody once told me the world is gonna roll me. They also said the market can stay irrational longer than you can stay solvent.
- Igelau 5y agoAh yes, the album version of 'All Star' was so much better than the radio edit.
- dnautics 5y agotake out small medium-term, out of the money puts. Be ready to lose it all. Since you are taking a Jem'hadar-level stance on your money (your money is dead, if you are victorious, your money comes back to life), you do not have to worry about solvency.
- bpodgursky 5y agoI guess the fundamentals are solid then.
- jonny_eh 5y agoOr they don't matter.
- carlivar 5y agoIn reality when debt/funding is exceptionally cheap, conditions exist for these sort of companies to be fine. Or to put it another way, when there's few options to park money and expect a reasonable return, risk threshold for unprofitable companies becomes lower. So the market isn't really irrational. You might argue our interest rates and monetary policies are irrational. I would agree with you.
- pclmulqdq 5y agoAll asset valuations have a numerator and a denominator. I think people sometimes forget that - if dollars are cheap, stocks with 100x multiples aren't that expensive. There is an inflation assumption baked into that price, but it seems to be coming true.