$120 billion for Uber??? HAHAHAHAHAHAHAHAHA ...and yet people will probably buy ithttps://twitter.com/mims/status/1052241256724738048 …
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Note: Yes there is some possibility that the price will go up and Uber is actually worth more than $120 billion. Can't rule it out!pic.twitter.com/SUy6CiYzIi
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Invest in Index funds
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At a $120B valuation, it will be in the S&P 500 index.
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1) It won't be added the instant that it goes public. 2) It may go to zero, which will have a roughly negligible impact (0.5%) if it is even added to the S&P 500 @ 120 Billion.
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401ks are the dead- money financiers and hedge-fund managers feast upon.
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Daily reminder that dead money has outperformed the vast majority of living fund managers over the last 100 years. (See the ING corporate leaders trust)
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Over the long-term dead money wins. Over the short-term, financiers win, for a bit, then cocaine wins.
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Didn't they say that about the Facebook IPO at $104B (now $455B?)
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And Uber still hasn't turned a profit yet, correct?
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Yeah but think about how many case studies, business articles and non-fiction books this will lead to when the Uber bubble finally bursted? There were kids who could afford college because their parents wrote about Enron.
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Wasn’t that always the plan?
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What if Uber is the next Amazon?
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Don't forget the bankers.
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fwiw, I think most indexes used by index funds wait a while to include stocks with IPOs: https://www.wsj.com/articles/why-index-funds-have-a-limited-presence-in-the-ipo-market-1504577040 …. also, if they're float-weighted then much of the $120 billion will be excluded.
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Most of the tracked indices are market cap weighted.
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almost always adjusted for free float, no? https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/benchmark/equitymethodology …
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So like a cryptocurrency, but better for the environment?
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