• HubertManne@moist.catsweat.com
        13·
        12 days ago

        This is the reason I can’t invest. Price to earnings doesn’t matter. debt ratio does not matter. I just can’t invest on the concept that you got to becausre brrrrr

        • sexy_peach@feddit.orgEnglish
          3·
          11 days ago

          I can’t invest because I don’t have any money ^^

          I guess I could work more, but where would be the fun in that?

          • HubertManne@moist.catsweat.com
            51·
            11 days ago

            when working there is nothing more than I wanted but to not be working and now that im unemployed I am desperate to put the metal collar back on.

        • Sanctus@lemmy.worldEnglish
          72·
          12 days ago

          The value of Elon’s companies is fake. Its whatever the vibe machine says it is.

          • stinky@redlemmy.comEnglish
            25·
            12 days ago

            Tesla has a market capitalization of 1.22 TRILLION dollars. I don’t like the guy either but you need to have a basic level of understanding of economics to offer critique, sorry.

            • Sanctus@lemmy.worldEnglish
              51·
              11 days ago

              The market cap exists because Musk has lobbied the government to not allow Chinese cars that are way cheaper and have better Quality Control. So most people have to purchase one of his electric lock only, semi-trucks-are-the-sky death boxes. They will always have problems because they are always parsing raw video data since they use such cheap cameras. You can believe what you want, but Musk sits on a cardboard throne that he did not even earn by legitimate means. Tesla is not a superior product, its one of the only products allowed in town.

  • Linktank@lemmy.today
    31·
    12 days ago

    Eat the rich.

    I’ll say “OM!” then you all chant back “NOM! NOM! NOM!” in unison.

    OM!

    • LifeInMultipleChoice@lemmy.world
      7·
      10 days ago

      Well if you want to have fun with that. Take Musks 362B listed here. Assume he does nothing but leave it in the market at the 10yr average growth of 11% interest. I saw the other day… He alone will have around 14T when he dies. Assuming he doesn’t live into his 90s. (35 years was what I picked, assuming death at 88)

      Edit: Throw in to help understand how much money that is. That’s enough money to build a $250,000 house for everyone in America every 20 years (assuming average household is 3 people). Without touching the initial investment, and factoring in 3% annual inflation. Anyone buying a $400k house today that thinks it couldn’t be built for $250k using mass purchasing and building teams I would assume to be wrong.

      That would free up every rent/morgage payment in America to be spent elsewhere, allowing for economic growth in other areas.

  • JohnDClay
    8·
    12 days ago

    Is there an inflation adjusted version of this? I’m wondering if anyone even in the gilded age got this wealthy.

    • taiyang@lemmy.world
      11·
      12 days ago

      There is, and they came close. I only remember Rockefeller net worth being something over $250 billion based on economic output.

      Actually, looking it up, it could be as high as $400 billion. Ah, the 1800s were pretty worse than today’s standards…

      At least it looks like people die and fortunes move on. Apparently his descendants are worth only $10 billion collectively now, somehow.

      • ShaggySnacks@lemmy.myserv.oneEnglish
        2·
        11 days ago

        I always find it sad, when investing companies will have a promotions like “Invest $100,000 and get this amazing benefit.”

        I don’t have a spare $100k to just to drop on investing.

    • funkless_eck
      21·
      11 days ago

      thats just gambling but takes longer. at least at the roulette table you find out right away

      • FlashMobOfOne@lemmy.world
        1·
        11 days ago

        It’s really not.

        There are so many ways to invest smart. Hell, it’s legal for congresspeople to insider trade (like Nancy Pelosi, Ted Cruz, and others) and there are whole-ass ETF’s you can invest in that just follow those legislators’ investments so you can piggyback on their trades.

        Gambling is for people with no patience to read or wait for a return. That’s the long and short of it.