Hacker News new | ask | show | jobs
by riphay 2841 days ago
You're absolutely right; but I have a hard time believing this depresses stock valuations with so much smart money out there (by ~20% no less!).

Otherwise I think there's a serious market opportunity to be exploited.

1 comments

This is not smart money fleeing, it is old money.

Why would all of today’s young engineers, who collectively consume marijuana and concentrates by the ton, suddenly take issue with one of their foremost peers partaking in the same activity? It makes more sense that the older investors who are making a bet on this generation’s promising stallion, in their eyes, are seeing what is to them, aberrant behavior. Given how often and well honored the theme of “older generation not progressing with the times” is, seems much more likely especially when thought in the same context as Occam’s Assertion.