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> I know some who bought during the IPO who are now underwater Yeah you don't say. High of $124, currently $22. But hey: that's gambling stock trading for

by jen729w 4mo ago

> I know some who bought during the IPO who are now underwater Yeah you don't say. High of $124, currently $22. But hey: that's ~~gambling~~ stock trading for you. https://au.finance.yahoo.com/quote/FIG/ https://au.finance.yahoo.com/quote/FIG/

kubb 4mo ago
No sympathy from me. I just wish it happened more to people who overpay for stuff like houses or Tesla stock.
- JumpCrisscross 4mo ago
  > I just wish it happened more to people who overpay for stuff like houses or Tesla stock That's pretty mean. I disagree with a lot of people on their investment choices and evangelism. That doesn't mean I want them to suffer for it.
  - kubb 4mo ago
    It’s not that I want them to suffer, it’s that them being rewarded incentivizes suboptimal behavior and outcomes. Markets don’t work anymore. Which results in even more suffering.
    - JumpCrisscross 4mo ago
      > them being rewarded incentivizes suboptimal behavior and outcomes What if they're choosing correctly? Like, I've been pretty consistently critical of crypto. Yet I'm glad my index funds have to buy Coinbase.
      - jen729w 4mo ago
        > Yet I'm glad my index funds have to buy Coinbase. Curious why? Its chart is a nightmare – up and down like a yo-yo. Not something I'd want to have to depend on.
- itemize123 4mo ago
  how come? this is a very weird take- why is the focus on ppl suffering instead of like fairness or capital / market efficiency ?