Date: May 21st, 2018 11:31 PM Author: Rusted Fluffy Corner
the "logical driver" on tesla is pretty much the same as any crypto: that it will take over the world instead of completely falling on its face despite a struggle to currently justify real world value relative to valuation.
no human being is going to "trade the news/outlook" on a stock better than an algorithm or someone with massive insider knowledge. it's still picking lottery tickets out of a hat.
Date: May 22nd, 2018 6:54 AM Author: Mentally Impaired Odious Location
To clarify, a put option is a way to bet *against* a stock. I translated my view of tesla’s heroic cash burn and failure to meet deadlines into an investment thesis. I’ve profited as a result.
Yes, it’s difficult to beat the market consistently. Smart people with lots of money and information are involved, so this makes sense. But this isn’t an argument in favor of crypto - crypto is an objectively retarded, heavily manipulated casino that moves like a headless chicken
I’d argue crypto is exponentially worse because the illiquidity + lack of rationality + shady/nonexistent governance mean you could lose everything in a few seconds