Choose again.

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Joined 11 days ago
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Cake day: March 7th, 2025

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  • I love how disingenuous phrases like “wiped out $4 trillion” are, as if someone piled up four trillion $1 bills and burned them with gasoline. The perception of $4T was unimagined in the minds of potential share buyers. Or, the appetite to spend $4T in the market was displaced by pessimism.

    And another thing! (since I decided to stand on a soapbox) I hate the concepts of market cap and even enterprise value. As if every single one of those outstanding shares is earmarked at whatever the prevailing trade rate is at any given moment. Obviously there’s so much more integrated into the perceived value of shares than just one spot price. I guess it’s why incredible tomes of text are dedicated to security analysis.

    I’m not an economist. I’m a failed active investor and born again Boglehead. I know this shit has been studied and debated ad nauseum. It’s just annoying to see sensationalist numbers and verbal qualifications thrown out to communicate a certain message.

    Still, I don’t really know of a better way to say it. It’s my ultimate hope fascism continues to communicate how generally unprofitable it is, leading its heretofore mid and low-level supporters to temper or displace it.