Investment & Investing

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hugo7 in reply to @ChasnotRobert

short on Tesla

Hardly an expert or anything, but it seems like such an odd thing to short.

It's value is totally irrational and bears no correlation to anything. To me, as a layman, that seems to match the phrase, "the market can stay irrational longer than you can stay liquid", down to a tea.

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ChasnotRobert in reply to @hugo7

Agreed, but there is a view that these things will eventually revert to traditional value metrics.

Which some of them will, eventually.

It's just a question of which ones, and when, and whether you will have been forced out of the position long before then.

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hugo7 in reply to @ChasnotRobert

Yeah I guess. That's the premises of the Big Short.

But a whole section of the market seems like a different play to one company with a cult following.

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