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Investing as Consumption or Saving
Stocks are effectively just vehicles for people to express their beliefs. Yesterday a ted at more than a hundred dollars. It is like very much consumption, right? Like you got to really enjoy that ride. The media is very much part of this. I remember seeing dissectment on cnbc where they had a guy, they ridiculed him because he shorted the company at some point in time. And then, much to their credit, they brought him back to the show. He made 25 million dollars on the trade where they ridiculed him before. So i think that the media frenzy around the fundamental unser isn't going away.