By creating a form of stock that can only be bought and held by people who think it is undervalued, Elon Musk has invented a new and mathematically guaranteed form of prosperity. A veritable pyramid of wealth!
-
-
The absence of an accessible mechanism for making money off of a correct prediction that something is overvalued is a good way to end up with a bubble
-
Especially when the cost is so high to make it not worth doing. I predicted
@blockbuster decline in 2004 but short selling is only profitable for relatively short time windows.
End of conversation
New conversation -
-
-
creative destruction is only great when it happens to OTHER people
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I agree generally, but in 2008 it did start to look a bit ghoulish to have people making a mint off of people being foreclosed on. I get that the foreclosure would have happened anyway, but still seems gross.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
it creates media propaganda funded by shorts when it's at such a large scale. makes sense to try and avoid it when there is a larger mission at hand
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Hopefully President Harris will have a Congress that will fully fund her Department of Correctly Pricing Things, thus eliminating the problem of incorrectly priced things.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
he takes it a a personal insult that there exists even a single person that does not buy into the way he sees himself
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Yes. And occasionally they get fucked. It's part and parcel of the fun of the markets.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Over several decades as a finance journalist, I've found that moralising about short-selling, when done by participants in public markets, is a good partial indicator that the complainer is in financial trouble. Not always true, but a sign.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.