explodicle comments on SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar

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[–] explodicle@sh.itjust.works 18 points 3 months ago (5 children)

One of the big problems with investing is that the average investor thinks they're smarter than the average investor.

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[–] scratchee@feddit.uk 2 points 3 months ago (4 children)

It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can

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[–] explodicle@sh.itjust.works 2 points 3 months ago (1 child)

Where it's not a bubble, the market is positive sum and the average investor is wise to participate.

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[–] scratchee@feddit.uk 3 points 3 months ago

That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it.

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[–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child)

Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk.

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[–] scratchee@feddit.uk 1 point 3 months ago

Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not.

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