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Comment by Calavar

5 hours ago

GME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius?

Tesla has been a meme stock for about five years now, maybe more. Its valuation correlates with Musk's abilities as a showman and media figure, not a businessman.

4 comments

Calavar

Reply
pizzafeelsright  4 hours ago

I was responding to the idea Musk is not a good businessman. I think the evidence suggests otherwise.

Market Cap: Tesla (TSLA): ~$1.4T GameStop (GME): ~$9.7B

If anything, GME is a meme.

I also gave my bias so as a way to ignore me.

filoleg  5 hours ago

> GME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius?

GME did not beat the S&P500 over the past 10 years, and it is just the evidence of you needing to verify your claims before making them.

Over the past 5 years[0]: S&P500 up by 77%, GME down by 50%.

Over the past 10 years: S&P500 up by 260%, GME up by 207%.

GME performance in the past 10 years doesn't indicate that Ryan Cohen is a business genius. It indicates that he runs a company that has been underperforming the market for at least the past decade.

0. https://www.google.com/finance/beta/quote/.INX:INDEXSP?windo...

  • Calavar  5 hours ago

    I did look up numbers before I made that claim:

    From Yahoo Finance

    GME Jan 1, 2016: $7.09, $5.49 adjusted (accounting for dividend disbursements)

    GME Jan 1, 2026: $20.09

    266% or 365% return depending on how you count dividends. 365% for GME vs. 306% for S&P 500 over the same period (also using adjusted for dividend numbers).