sanitation@lemmy.today to Technology@lemmy.worldEnglish · 22 hours agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square115linkfedilinkarrow-up1679arrow-down18
arrow-up1671arrow-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 · 22 hours agomessage-square115linkfedilink
minus-squareSkunkWorkz@lemmy.worldlinkfedilinkEnglisharrow-up15·6 hours 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-up8·5 hours agoOne of the big problems with investing is that the average investor thinks they’re smarter than the average investor.
minus-squarescratchee@feddit.uklinkfedilinkEnglisharrow-up1·18 minutes agoIt’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can
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