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Everybody just assumes that somebody else has done the due diligence. Why else would the company be valued so much? They think. The more the value, the more peo
by netheril96 4y ago
Everybody just assumes that somebody else has done the due diligence. Why else would the company be valued so much? They think. The more the value, the more people jump in assuming others have done the due diligence. So all it takes is a few people with enough money or influence jumping in at the beginning.
- tluyben2 4y agoThis exactly; when your banking or investment app shows the stock, you assume already that it has been vetted by people who know so much more about all this than you.