sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 months agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square75fedilinkarrow-up1749arrow-down111
arrow-up1738arrow-down1external-linkSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 months agomessage-square75fedilink
minus-squareSkunkWorkz@lemmy.worldlinkfedilinkEnglisharrow-up24·3 months agoAs long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up14·3 months agoOne of the big problems with investing is that the average investor thinks they’re smarter than the average investor.
minus-squarescratchee@feddit.uklinkfedilinkEnglisharrow-up2·3 months agoIt’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·3 months agoWhere it’s not a bubble, the market is positive sum and the average investor is wise to participate.
minus-squarescratchee@feddit.uklinkfedilinkEnglisharrow-up3·3 months agoThat’s true. I guess you just have to think you can keep up with the market, not necessarily beat it.
As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards.
One of the big problems with investing is that the average investor thinks they’re smarter than the average investor.
It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can
Where it’s not a bubble, the market is positive sum and the average investor is wise to participate.
That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it.