Say it without crying

  • OneToughNerd [he/him]
    ·
    4 years ago

    Tesla will either crash, or there's insider shenanigans going on.

    Prices trend towards intrinsic value in the long run. Prices can stay irrational longer than you can stay solvent, as they say.

    • femboi [they/them, she/her]
      ·
      4 years ago

      So there’s no way to make money off of knowing that Tesla is incredibly overvalued because very rich people could just continue to sink money into it, keeping the price high for the foreseeable future?

      • OneToughNerd [he/him]
        ·
        4 years ago

        Yes.

        There's ways to make money, but there's an element of luck involved. It's like betting on a coin that you know has a 51% chance of coming up tails and you have to guess the over/under on tails out of 1000 coin flips