[volkk]

> We have a term for enterprises that look successful because they keep drawing in new investors and keep drawing in new investors because they look successful. They’re called Ponzi schemes. And Elon Musk is basically a human Ponzi scheme.

Kind of a lame comparison. Nobody is sold on the dream at a "guaranteed" profit by in his companies, you know, like an actual Ponzi Scheme. It's literally the free market at work--it's really simple, if you don't believe in whatever he says, don't speculate!

You can make the same argument for literally any overhyped, or maybe properly hyped depending on who you ask, company. Doesn't mean they're all Ponzies. Unless your argument is ultimately that the stock market is a ponzi, which in that case is a different argument altogether.

Wish people would stop crying about this guy already. These hit pieces are so goddamn boring at this point.

[Flashtoo]

> It's literally the free market at work--it's really simple, if you don't believe in whatever he says, don't speculate!

This, too, is actually addressed in the article - the whole point is that you're being forced to participate/speculate through this rapid inclusion in indices and mutual funds, because he's had the indices change the rules for him. So no, it's not that simple.

[happytoexplain]

I've never understood how common the appeal to "simplicity" is. It's also very simple to just kill everybody you disagree with. There isn't a simpler idea, really. What is the point? Why even write a comment?