3 ms·
The other side of this coin is that investors of the techno reactionary species love the way Elon splashes around his money on right wing parties in the US and
by Zigurd 1y ago
The other side of this coin is that investors of the techno reactionary species love the way Elon splashes around his money on right wing parties in the US and Europe.
Imagine yourself pitching investors and telling them that a humanoid hand for a humanoid robot is going to make an amazing surgeon. Just imagine that. Your potential investor audience no doubt is familiar with existing surgical robots. Do you think they could suppress a laugh while you tell them that. And yet, the big investor class continues to give Tesla a price to earnings ratio above 300.
- jacquesm 1y agoIf there is one thing I've learned in the last 18 years since founding TMC then it is that investors are not usually very rational. There are exceptions, but for the most part it is just gambling with other people's money, externalize the bad takes and pocket the difference on the wins. It is only rational in the sense that those that partake in it know that they are doing this and that as long as they're the house they don't mind you coming in to place a bet or two. See also: stock market.