The core issue is that the stock market doesn’t really exist on fundamentals. If it did DJT wouldn’t be trading at $34 on $4MM in revenue. Regulatory regimes are about to change and who knows what else. So it’s not that that kind of analysis is wrong, but it’s not super helpful either. Because the market can blunder on like this for decades, and regulations can turn on a dime.
I think it’s actually very helpful for people to understand how the stock market relates to the economy at larger, and the problems created by VCs having significant influence over the allocation of labor and resources. I really encourage you to watch the whole video before giving an opinion.
The core issue is that the stock market doesn’t really exist on fundamentals. If it did DJT wouldn’t be trading at $34 on $4MM in revenue. Regulatory regimes are about to change and who knows what else. So it’s not that that kind of analysis is wrong, but it’s not super helpful either. Because the market can blunder on like this for decades, and regulations can turn on a dime.
I think it’s actually very helpful for people to understand how the stock market relates to the economy at larger, and the problems created by VCs having significant influence over the allocation of labor and resources. I really encourage you to watch the whole video before giving an opinion.