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| Topic | Stock Topic 26 |
| Colegreen_c12 03/30/21 4:47:13 PM #260: | red sox 777 posted... I'm also okay with it. Just, if I owned FB or GOOG (and I have at various points in the past), and suddenly the founders decide they don't care what the market thinks in the short run, they are embarking on a 60 year plan to reinvest all their earnings into colonizing Mars - well, if the stock tanks, I'm not going to complain or be filing a shareholder lawsuit. That is the risk of owning that stock. I agree, if they actually have a game plan and it is reasonable. I also consider controlling interests as part of a stocks underlying value anyways though. If a stock is controlled by one person it's instantly less valuable to me, doubly so if it's someone I don't like/agree with. red sox 777 posted... Just like there's a risk that people collectively stop believing in bitcoin. That takes more than one person changing his mind, so one could even imagine it being less risky (I don't think it is with crypto specifically). I would argue there's a lot more risk here. With bitcoin you have the risk of satoshi coming back and selling all his coins flooding the market, or any major player exiting really. You have the risk of a government full or partial ban. I consider all of these pieces in the value of owning it. The difference is I don't know about all these controlling interests, in stocks case I know every person with more than a 10% share --- DPOblivion beat us all. ... Copied to Clipboard! |
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