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This is otherwise known as the greater fool theory. I'm not saying that to suggest you're a fool. But you are a gambler, hoping for someone even more emotionall
by damoncali 14y ago
This is otherwise known as the greater fool theory. I'm not saying that to suggest you're a fool. But you are a gambler, hoping for someone even more emotionally invested than you are to buy your shares. At the end of the day confidence is not sustainable. The bubble showed us that quite clearly. At some point, Tesla has to make sense, and there has to be a clear path from now until then or someone will lose a lot of money along the way.
- dman 14y agoProgress depends on the fool and the greater fool. The only way to be right always is to not take a position at all. Progress depends on people believing that the world can change for the better in unimaginable ways. Taking a position on unimaginable progress can appear foolish for pretty long periods of time and can ultimately also turn out to be foolish in retrospect. To be a pioneer you have to run the risk of being foolish.
- damoncali 14y agoIt really doesn't. It only requires the creation of value. Hype is optional.
- dman 14y agoHype gets created automatically when someone credibly takes on a problem that most think cannot be done. The only way to sidestep is to do what Andrew Wiles did with the Fermat last theorem - but that might not be a valid strategy for a problem that requires more than a small team.
- jotto 14y agoseveral years ago damon cali (op) told me: "startups don't sell a product, they sell a dream"