Hacker News new | ask | show | jobs
by zulux 14 days ago
Que? Market analysis thinks SpaceX sucks as a stock.

Heck, it goes against all my value investing instincts for me to even have 2% of my net value in it. To be fair however, 15% of my net value came from Tesla. I obviously have brain worms.

2 comments

Professional Wall Street analysis is incredibly bullish:

https://www.msn.com/en-us/money/topstocks/wall-street-is-bul...

It’s not about fundamental value, it’s about how rational everyone else is.
Yep. Keesian Beauty Contest!

(Dear Reader, if you have no idea what that is, it's a good idea to know about in my opinion)

To save other readers a web search: in a *Keynesian beauty contest, you pick the winners based on who you think others will find most beautiful.
Emperors new clothes.
There's a relationship in that a persuasive kid pointing out the obvious flaws could collapse a Keynesian beauty contest.