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>It seems like the incentives are to think short term and do sketchy shit to pump the stock. Its a meme stock, that's what stockholders actually want.
by wordpad 5mo ago
>It seems like the incentives are to think short term and do sketchy shit to pump the stock.
Its a meme stock, that's what stockholders actually want.
- tombert 5mo agoI'm arguing it's not "success". I don't believe that a meme stock is a truly long-term business.
- wordpad 5mo ago>I'm arguing it's not "success". I don't believe that a meme stock is a truly long-term business. Duh. Crypto is the peak meme investment. Literally worthless, yet the market size is in trillions now, with even pension funds buying into it. It doesn't follow any fundamentals, but as the meme markets defacto exist, there needs to be some models of valuing these investments other than fundamentals.
- tombert 5mo agoSure, and I think that these things will, eventually, crash. I suspect GameStop will before Bitcoin, but I think both will eventually. The market can stay irrational for a very long time.