Ya, the Ruble is falling against the dollar again, so of course this happens.
this post was submitted on 18 Jun 2024
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Roughly 3 months to go in this game of hot potato before Trump can sell his shares without special permission from the board.
He can probably get that permission by twisting arms.
The stock market is a voting machine not a weighing machine….
I’m amazed that any investor is buying for the long term. People buying are only propping up trump. There are no fundamentals it has only ever lost money.
So yeah some people speculate on it. Or to prop him up
Run Away!!!
Different take:
In other words, Buffett specialized in finding “undervalued” issues on the market. Such opportunities arise occasionally, he says, because in the short run the stock market acts like a “voting machine” (reflecting all kinds of irrational attitudes and expectations), while functioning in the long run more like a “weighing machine” (reflecting a firm’s true value).
https://quoteinvestigator.com/2020/01/09/market/?amp=1
Either way, DJT is a shorting opportunity.
TIL Trump's media is still in business. I'm surprised it lasted this long. I guess there's stupid people in every field.
There is no shortage of stupid people. Explains why a tool like donnie even had that ridiculous game show given to him, and also how he managed to win the Electoral College and slither into office.
There will always be stocks for gullible people. I remember when they IPO'd the national telecommunication company in my country. You were practically bombarded with ads from all sides to buy shares. My stance was that if they have to peddle the stock to the public that way, they probably did not find sufficient interest in professional circles for a reason.
The stock was then IPO'd at about €15 and shot up to over €100 in a few months. My coworker was quite thankful later that I frequently reminded him that the overall evaluation of the company only supported a value of about €10 per share. He sold at €100. It peaked at €102, and then fell down to €12 or €13. Over the last 30 years, it managed to slowly climb to €22 now, with no more significant peaks.
I keep checking about once per week. I saw this earlier today and felt pretty great about it. I feel bad for the rubes who lost their savings, but I can’t be responsible for their inability to spot a con.
I don't feel bad for them. They're supporting a rapist convicted felon and traitor.
Gosh, that's so sad.
So sad. Well, anyway. How's the evolution thing working out for ya? Seems pretty popular conceptually.
🤞🍿
It's soooo low! buy buy buy!
/s don't buy people.