sanitation@lemmy.today to Technology@lemmy.worldEnglish · 20 days agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square159linkfedilinkarrow-up1834arrow-down19
arrow-up1825arrow-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 · 20 days agomessage-square159linkfedilink
minus-squarereksas@sopuli.xyzlinkfedilinkEnglisharrow-up25·19 days agowhy people invest in this? they will just lose their money
minus-squareSkunkWorkz@lemmy.worldlinkfedilinkEnglisharrow-up26·19 days 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-up17·19 days agoOne of the big problems with investing is that the average investor thinks they’re smarter than the average investor.
minus-squarescratchee@feddit.uklinkfedilinkEnglisharrow-up2·19 days 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-up2·19 days agoWhere it’s not a bubble, the market is positive sum and the average investor is wise to participate.
minus-squarescratchee@feddit.uklinkfedilinkEnglisharrow-up3·19 days agoThat’s true. I guess you just have to think you can keep up with the market, not necessarily beat it.
why people invest in this? they will just lose their money
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.
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