3 ms·
Yup! Good days and bad days (weeks/months) — in the good times, all kinds of bad stuff can happen without much impact, and in the bad ones, small things can be
by toss1 4y ago
Yup! Good days and bad days (weeks/months) — in the good times, all kinds of bad stuff can happen without much impact, and in the bad ones, small things can become real problems, even existential problems.
This says NOTHING about the quality of the business.
Notice that both Tesla and SpaceX are extremely good businesses yet were within weeks of bankruptcy at several points in their history — a bad event at the wrong moment, even though very small percentage-wise, could have tipped them over the edge and they'd be history.