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SpaceX Investors in Meltdown Over All the Money They’ve Lost (finance.yahoo.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 10 points 2 months ago (4 children)

I think it comes down to

  • on paper it isn't gambling
  • in practice it has become gambling

ETFs are generally better, especially if you don't touch them for a long time.

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  • [–] 5 points 2 months ago (2 children)

    Giving your money to an unregulated Wall Street organization is never “Better.”

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  • [–] 2 points 2 months ago

    To elaborate: The stock market is a "Keynesian beauty contest" where - at least in the short and medium term - what investors think other investors think* about a stock is more important than what it's actually worth. Reality asserts itself eventually, but "the market can stay irrational longer than you can stay solvent", so here we are.

    • ad infinitum
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