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It's sort of like a lottery ticket, but people are buying the stock in the hopes of awesome new technology, rather than merely hoping to get rich. As long as y
by Natsu 12y ago
It's sort of like a lottery ticket, but people are buying the stock in the hopes of awesome new technology, rather than merely hoping to get rich. As long as you buy only what you can afford to lose, it's probably worth it for some of us.
There aren't a whole lot of companies willing to even try really ambitious projects like they do.
- PhantomGremlin 12y agoYou make two good points I hadn't really considered. "Lottery ticket" resonates with me since we just recently had a big discussion about playing Powerball. But also (sad for us in general) most companies don't try to do really ambitious stuff. Established companies don't want to rock the boat (The Innovator's Dilemma), startups just want to survive long enough to get noticed and acquired. Of course, there are exceptions. I think Bill Gates really did have a vision of getting a computer running Microsoft software into everyone's house. And there's biotech. A lot of what they do is bet-the-company moonshot stuff. Finding a cure for cancer, that's pretty ambitious. I'd like to invest there, but I know absolutely nothing about the field. You've really helped me understand why people are pulling for Musk and Tesla.