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Wow, literally bought more Nvidia shares last week. Just goes to show the stock market is 80% gambling. Me believing in the value of a company is overshadowed b

by zo1 2y ago

Wow, literally bought more Nvidia shares last week. Just goes to show the stock market is 80% gambling. Me believing in the value of a company is overshadowed by the hype of growth and "future valuation".

asddubs 2y ago
the price hasn't even dropped to as low as it was last week
- qwytw 2y ago
  I don't think it has been this low (~$126) since October?
  - asddubs 2y ago
    yeah, I looked it up at the time. No idea if it fell further since my comment or if I was looking at outdated info at the time
MadSudaca 2y ago
If this is gambling, what isn’t gambling? Sometimes things just don’t go the way you want. A Chinese company coming up with a cheaper alternative to a cutting-edge technology out of nowhere, is an outcome that is hard to predict. In hindsight, betting on Nvidia maintaining its monopoly on a resource crucial for such an important technology as AI, might not be the best of ideas, but then again, who knows.
- rsanek 2y ago
  buying an individual stock is gambling. buying an broadly-diversified index is not.
nejsjsjsbsb 2y ago
But it doesn't matter because you got them at a price you deemed they were worth based on some analysis right? :)