Comment by simianwords
13 hours ago
Sure, I don't claim all of them go well. Do you want to run a hypothetical exercise on how many they get right vs wrong? And based on that we can see if this is a "fantasy" or not?
13 hours ago
Sure, I don't claim all of them go well. Do you want to run a hypothetical exercise on how many they get right vs wrong? And based on that we can see if this is a "fantasy" or not?
No but you're claiming "if they all are investing X amount then these bets obviously must pan out". If you follow that rationale then it means that all bets that these company's make in the same space must all pan out. So if they don't all pan out then the fact that they're all making bets isn't a sound rationale for it being true.
As others have pointed out, investors notoriously have FOMO, so rationale actors (CEOs of big tech) naturally are incentivized to make bets and claims that they are betting on things that the market believes to be true regardless if they are so as to appease shareholders.
No, i don't claim that all bets must pan out - simply that most bets are made intelligently with serious intent.
that's the way i see this bet as well.
your take on investors is naive and largely incorrect - its the musical chairs theory of markets.