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Don't you need to take into account current conditions to forecast into the future? Unless there is some silver bullet information or wild speculation, predicti
by mym1990 5y ago
Don't you need to take into account current conditions to forecast into the future? Unless there is some silver bullet information or wild speculation, predicting future financial states needs some basis to stand on.
- eigenspace 5y agoSure it plays a role, but mostly only in mature businesses. But that's clearly not a factor in many other investments. If you truly believe that an immature business like Rivian will explosively grow, then you'd be an idiot to wait for that growth to happen before investing. You'd just be leaving money on the table. Of course, we don't know for sure what'll happen with Rivian, but clearly some people with money have some strong beliefs.
- kgwgk 5y agoSome people with money are buying cryptographic keys with a tenuous connection to digital images of rocks and whatnot. What a time to be alive.