3 ms·

I have a hard time believing the stock price is based on anything other than vibes. It's up 125% from a year ago!

• saghm 5mo ago
  Given how nowadays the payoff of a stock seems to just be from selling it later rather than having any direct correlation to the companies finances, it's all just a Ponzi scheme based on vibes.
  • akerl_ 5mo ago
    When was the payoff of a stock not from selling it later?
    • gomox 5mo ago
      https://en.wikipedia.org/wiki/Dividend https://en.wikipedia.org/wiki/Dividend
    • Jensson 5mo ago
      > When was the payoff of a stock not from selling it later? This is such a funny comment, historically you bought stocks to extract profits, ie dividends. Now you make money from houses and stocks by value appreciation instead of rent and dividends, you can see how that leads to very different behaviours and how that is not very stable compared to buying based on rent and dividends.
      • saghm 5mo ago
        Yeah, I'm kind of in shock that anyone would think this is the normal way things always worked. I'm not that old yet, I was born in the 90s!