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by spaceman_2020
1299 days ago
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> Automotive and aerospace are not that similar to social media. Yes. Social media is easier. > It's the Halo Effect fallacy to think competence in one field automatically translates to another. This is precisely about leveraging the Halo Effect fallacy. Elon Musk might not know social media, but the markets don't know that, nor do they care. The average retail trader sees "Elon Musk's company" and buys and holds, regardless of absurd PEs. Musk knows the power his brand has. He's simply going to use that to pump up Twitter's valuation, all through the virtue of his "halo" |
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