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“in the short run, the market is a voting machine… but in the long run, the market is a weighing machine.” Ben Graham
by abirch 10mo ago
“in the short run, the market is a voting machine… but in the long run, the market is a weighing machine.”
Ben Graham
- sporkxrocket 10mo agoIt seems like something is broken since TSLA (for example) has been completely divorced from fundamentals since at least 2020. The richest man in the world has the vast majority of his net worth derived from vaporware and straight up fraud. Still wondering when the "weighing machine" kicks in.
- abirch 10mo agoUnfortunately it's expensive to short Tesla because Elon and Peter Thiel don't allow their shares to be shorted. Add to that, it's part of the S&P 500. It's going to take a while but I foresee a lot of red for TSLA. We'll see what happens but TSLA is already revising their target of cars sold in Q4
- bdangubic 10mo agoinvestors have stopped looking at TSLA as a car company awhile ago so car sales will hardly move the price (downward)
- tome 10mo ago> Elon and Peter Thiel don't allow their shares to be shorted Do you have more information about that? That sounds impossible for a publicly traded company.
- abirch 10mo agoYou can look at DRS: https://www.investing.com/news/company-news/genius-group-shares-details-on-direct-registration-to-combat-short-selling-93CH-4140254 https://www.investing.com/news/company-news/genius-group-sha...
- tome 10mo agoOh I see, you meant Elon and Thiel prevent the shares they control from being shorted? I originally thought you meant they prevent any TSLA shares from being shorted.
- andrewaylett 10mo agoThe market can remain irrational for longer than you can remain solvent.