• surewhynotlem@lemmy.world
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    3 months ago

    Stock investing isn’t about underlying value. The company itself is almost irrelevant. Stock investing is about predicting stock investor sentiment.

    • Brave Little Hitachi Wand@lemmy.world
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      3 months ago

      That’s not a traditional view of investing or the manner in which securities are built to be valued, but it is admittedly the modal paradigm to which we are subject.

      • barsoap@lemm.ee
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        3 months ago

        Which is why NFTs work. They’re refreshingly honest: They represent nothing of any kind of value, yet are valued. Something something fetishism.