I know I'm stupid for asking, but there is just no rational path for to Tesla grow into a >300x p/e valuation right?
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Am I wrong to think that this whole bubble market is because people have been brainwashed into believing that passive investing is the key to successful investing? As long as people don't realize their gains the market can only go one way.
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I don't buy into the passive driving it all story.
$XOM was the largest stock in the world a bit over a decade ago, no? Why didn't the passive flows coming in since the GFC drive it to a multi-$T valuation? There is price discovery happening. - Show replies
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What
@tolstoybb is saying in quotes is just too real. That’s why TA works sometimes, if enough money says something is important, it will be.Thanks. Twitter will use this to make your timeline better. UndoUndo
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