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> There is a massive downside to premature inclusion of a stock that is initially overvalued Define “massive”. SpaceX is only 1.2% of QQQ.
by jt2190 3mo ago
> There is a massive downside to premature inclusion of a stock that is initially overvalued
Define “massive”. SpaceX is only 1.2% of QQQ.
- diydsp 3mo ago[dead]
- idiotsecant 3mo agoCan I please have 1.2% of your total net worth
- fragmede 3mo agoSure, just give me SpaceX shares equivalent to 1.2%.
- idiotsecant 3mo agouh oh I think you lost the thread of metaphor there.
- fragmede 3mo agohow embarrassing! Look, your joke was "If it's only 1.2%, hey, that's not that much, just give it to me for free!" We don't have to believe SPCX is worth whatever it's trading at today, but that 1.2% isn't simply being given away. Under capitalism, money is exchanged for goods and services.
- necovek 3mo agoFWIW, I read their joke differently: you were the one who said "only 1.2%", and they turned that on you by asking for you to part ways with "only 1.2%" of your net worth. They are not questioning money exchange, they are questioning the "only" part, claiming this is significant.
- idiotsecant 3mo agoYes
- jt2190 3mo agoNo, but I will bet you that QQQ will not loose 1.2% of its value due only to SpaceX going to $0.