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I wonder how Musk did that big of a mistake, to not sense Twitter is not worth $44 billion and that the market wasn't going up for ever. Or, somehow, becoming
by DeathArrow 4y ago
I wonder how Musk did that big of a mistake, to not sense Twitter is not worth $44 billion and that the market wasn't going up for ever.
Or, somehow, becoming the richest person in the world has more to do with other features like luck, than the ability to asses the market?
- invig 4y agoI guess you got rich shorting the whole market? If the market were predictable everyone would just use it to print money.
- TheCowboy 4y agoHis intellectual or competitive advantage is not market movement timing. Plenty of brilliant people exist who would be considered bad at making predictions over a broad field of categories, especially market timing. More to disagree with the argument than to defend Musk. He's certainly been doing a lot of things to really undermine the brilliant-at-all-trades image. And luck is always underrated.
- deviation 4y agoIt weirds me out that he's even worried about this now. In the beginning Musk stated in interviews that he wasn't concerned about the monetary amount. I can't pull it up on my VPN, but I recall him taking the stance of it being a social-impact-y investment and not one that is designed to make a profit.
- kramerger 4y agoAnd you believed him??