4 ms·
It's an interesting anecdote, but the floor on the stocks being talked about in this article is due to them already making tons of money. Warhols are worth a lo
by chadash 3y ago
It's an interesting anecdote, but the floor on the stocks being talked about in this article is due to them already making tons of money. Warhols are worth a lot of money because a select group of people say they are worth a lot of money. The average person on the street probably wouldn't be willing to pay the price of an iPhone for a Warhol if they didn't know who he was. On the other hand, billions of people use Microsoft and Apple products, so it's not just due to an elite opinion that the stocks have lots of value. And it's not unreasonable to imagine a world where these companies dominate in AI and make much more money in the future.