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"no one has ever spent $500M on what are effectively equity call options outside of a bubble. As such, I posit in the case of AirBnB his logic is not applicable
by visakanv 13y ago
"no one has ever spent $500M on what are effectively equity call options outside of a bubble. As such, I posit in the case of AirBnB his logic is not applicable."
No one has ever seen a black swan outside of their dreams. If you see a black swan, you must be dreaming.
- visakanv 13y agoNo, seriously. How is this not a case of "It's never happened before, so it can't be right?" What's the actual counter-argument?