Permanently Deleted
WEWORK WAS WORTH SEVERAL BILLION FUCKING DOLLARS
IT IS MOSTLY DETACHED
ALSO TESLA IS THE MOST VALUABLE CAR COMPANY BY MARKET CAP EVEN THOUGH IT HAS ONE TENTH OF THE REVENUE OF THE NEXT BIGGEST PLAYERS
It it wasn’t for stonks we wouldn’t have wonderful products and services such as Juicero and Quibi, ever think about that, commies?
I just poured out a capful of my Yellowtail Chardonnay for my homies at Quibi.
Detaching stock price from fundamental value makes the markets serve the real economy worse
:surprised-pika:
Josh Barro hosts (hosted?) a podcast called Left Right and Center. The left was generally a soc dem, the right was a Trump supporting editor of the National Review, and Josh was the center. He usually seemed very politically ignorant to the point that I wondered why this idiot had a podcast.
They were reacting to rumors that Oprah would run for president. The right said it was a stupid rumor and a stupid idea. The left said a celebrity billionaire was the last thing democrats should turn to. Josh seemed shocked. He said it was just the thing to bring the country together, that it would be her gift to America. I stopped the podcast and unsubscribed immediately.
Whatever Josh says, the opposite is true. This GME thing has actually made the price correct and the stock market works now, actually all the other stocks are wrong.
He usually seemed very politically ignorant to the point that I wondered why this idiot had a podcast.
Being very ignorant in general doesn't stop anyone from doing podcasts. See: Joe Rogan.
They don't like poors doing anything because rich people literally think they're special snowflakes chosen by god
"Detachong the stock market from fundamental value is wrong, now if you'll excuse me I have to speculate on complex derivatives.
complex derivatives
I looked this up and was disappointed to learn it doesn't mean investments that have both a real part and an imaginary part.
THE MARKET HAS SPOKEN ! !
DO YOU NOT THINK MARKETS ARE THE MOST EFFICIENT WAY TO DETERMINE VALUE?
Oh yeah, because Best Buy is a blue chip sure bet in the long term, sure. :stonks-down:
Also conservatives: "nothing has value until it's bought"
Which is it, then? Are commodities valued by the amount of labor that enables the productive use of once unusable resources, or are they valued by how much someone is willing to pay for them?
