So… How much longer until the bottom falls out? Surely investment firms can’t keep owning shares for companies that don’t turn a profit right? It’s not like anyone would want to end up holding the bag. Tesla’s been defying all logic and reasoning these past few years.
If it’s a pyramid scheme, Bernie Madoff made it past 40 years. Which is quite impressive. Usually these idiots blow through the cash with dumb YOLO type spending and end up crashing the pyramid even faster.
This idiot literally watched The Wolf of Wall Street, and then went out to try to scam people. His ponzi scheme started the exact same year the movie came out. He only made it 6 years from forming his company to defaulting on payments (2013-2019).
https://en.wikipedia.org/wiki/Zach_Avery
Again, going with the thought experiment. If Tesla is a pyramid scheme, it likely happened around 2012. So in theory we’re at year 14. If he’s as smart as Bernie Madoff, this could last another 30 years.
Apparently companies don’t need to sell or do useful products or services any more. They just sell investments.
Pyramid schemes work like that. And they’re very popular right now.
So… How much longer until the bottom falls out? Surely investment firms can’t keep owning shares for companies that don’t turn a profit right? It’s not like anyone would want to end up holding the bag. Tesla’s been defying all logic and reasoning these past few years.
If it’s a pyramid scheme, Bernie Madoff made it past 40 years. Which is quite impressive. Usually these idiots blow through the cash with dumb YOLO type spending and end up crashing the pyramid even faster.
This idiot literally watched The Wolf of Wall Street, and then went out to try to scam people. His ponzi scheme started the exact same year the movie came out. He only made it 6 years from forming his company to defaulting on payments (2013-2019). https://en.wikipedia.org/wiki/Zach_Avery
Again, going with the thought experiment. If Tesla is a pyramid scheme, it likely happened around 2012. So in theory we’re at year 14. If he’s as smart as Bernie Madoff, this could last another 30 years.