This is really interesting. I have been meaning to write something on the Herbalife fight in relation to Mimetic doubles but Elon vs Shorts could be better.
@MimeticValuehttps://twitter.com/elonmusk/status/1017703538414227458 …
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Replying to @Ahimsa_Satya_ @MimeticValue
I had something like this in mind too, but I think it will now be a two-liner plus a link fest...
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Replying to @macodiseas @MimeticValue
I’m interested in how events like these contrasts with peoples ideas of appearance vs reality when it comes to fundamental analysis of stocks. How different views of market effect you’re perception of markets. The Herbalife fight was very revealing to me.
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Replying to @Ahimsa_Satya_ @MimeticValue
My impression is, at some point in the past there was such a thing as fundamentals. After Bitcoin all markets started to move to pure numeric valuations of trust. I think crypto was the first exposure to a stocklike market for many, so they deal the same with stocks. (My 2c)
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Replying to @macodiseas @MimeticValue
I see where you could get that seeing how insane Bitcoin was in late 2017, but bubbles and dramatic valuations have been happening for a long time. I agree FV probably worked better in the past but I think information technology is the exacerbating process.
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Replying to @Ahimsa_Satya_ @MimeticValue
I'm sure it is true to a point - some stock crashes have been *created* by chain reactions of trader bots in damage control mode. But with Tesla and the cases of "death by reporting" I mean the value of stocks being more attached to trust in Company or CEO than to anything else.
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Especially true for early stage technology companies where viability of technology and market fit are left up to “experts” in fields where experts don’t really exist like in branding and theoretical engineering (magic).
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