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Joined 2 years ago
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Cake day: June 30th, 2023

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  • I’ve maintained that the stock market divorced itself from reality a long time ago. As of making this comment by market cap Toyota, BYD, Ferrari, Mercedes-Benz, BMW, GM, Volkswagen, Ford, and Porsche COMBINED are worth $100 billion less than HALF of Tesla. Is there anyone out there that would choose a minority stake in Tesla vs owning 9 of the biggest auto manufacturers on the planet outright?

    Point being I don’t see stock valuation as a measure of how successful companies are. How high were stocks in the dot com boom? In 2008?