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Sorry, but I'm not pricing a stock today based on the assumption that this country will turn into a theocratic autocracy with a 70% YoY inflation rate for 15 ye
by malfist 5mo ago
Sorry, but I'm not pricing a stock today based on the assumption that this country will turn into a theocratic autocracy with a 70% YoY inflation rate for 15 years.
Besides, if I was pricing that in, I'd be buying indexes and not a specific stock. The 70% YoY inflation would rise all tides. Not just SpaceX.
- voidfunc 5mo agoWill? It already has turned into one.
- sieabahlpark 5mo ago[dead]
- sidewndr46 5mo agoIsn't SpaceX uniquely in the position to benefit from that kind of government?
- deleted 5mo ago[deleted]
- marcosdumay 5mo agoNothing the GP said makes SpaceX a better stock. It would just make the promise technically true in a way that doesn't benefit any investor. Or, in other words, it's a joke.
- scottyah 5mo agoBut these insane valuations are leading the tide-rising. This is one instrument in inflation because it's "creating" this money from nothing. All the employees that got a $5k bonus 5yrs ago will see it rise to $50k (or more) out of thin air (crazy financial mechanisms).
- bluGill 5mo agoIf inflation is really that high I'm buying hard assets that won't depreciate. Sure I will need some cash, but gold bars in my personal safe suddenly are a great investment (gold is generally a terrible investment, but when inflation is the main concern is is really good)
- threetonesun 5mo agoUntil SpaceX finds that golden asteroid.
- overtone1000 5mo agoTrue believers will leverage themselves all the way to the moon by selling gold calls so they can buy more SpaceX calls.