Comment by SalmoShalazar
2 days ago
It is quite literally losing money at an unsustainable rate. They need a path to profitability otherwise this is a massive boondoggle for all of the investors
2 days ago
It is quite literally losing money at an unsustainable rate. They need a path to profitability otherwise this is a massive boondoggle for all of the investors
Unfortunately “all of the investors” is in reality the whole world’s markets due to the disgusting top heavy nature of the SP500 currently.
I have been talking to AI a lot about what portfolios will survive that crash. :)
And what is the conclusion, what will survive?
Berkshire.
Stuff like this is what survived the lost decade after the tech bubble crash in 2000-
Gold, treasuries, small cap value.
https://portfoliocharts.com/2021/12/16/three-secret-ingredie...
I think I'll add in some Bitcoin to round it out. Bitcoin and gold seem to take turns going now and be inversely correlated often.
https://www.theblock.co/data/crypto-markets/prices/btc-pears...
we are still at early age. think it as human, the early age is burning money. when grow older, the ability of making money increases.
Compared with .com bubble. most .com dies, and the one who survived are GOOGLE, AMAZON, Tencent etc.
Yes but you need money to survive until the later stages