Comment on Nvidia is now worth $102M per employee

coffeetest@beehaw.org ⁨5⁩ ⁨months⁩ ago

The great thing about the stock market compared to other investments like crypto is that stocks are based on the inherent value of the business they represent. Stocks are based on financial fundamentals. You can believe in those investments because they are based on something real and not simply rampant speculation. For example.

Tesla. Worth more than most of the rest of the car market combined because… reasons?

Paypal. Lost 80% of its value starting in July 2021 over a year and never recovered because of terrible problems? Huge losses? Nope, because it “only” grew at 8-9%.

2008 US housing rated as “AAA” investment i.e. “good as cash” based on actual trash.

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