> Multiple people I know were rebalancing their portfolios way from the big index funds
Hypothetically, let's say the SpaceX IPO is a wild success. Will those people be disappointed on missing out in the returns? In other words, did they rebalance away because of financial numbers they didn't believe in or did they rebalance away because of emotional or philosophical reactions to the company? If they just don't like the company (likely company leadership) then i would guess they don't care how much return they miss out on, they want nothing to do with SpaceX period.
I made a long drawn out comment up thread but i feel like a lot of this drama is due to an emotional response to SpaceX because of Musk, and the possibility of him becoming the first trillionaire, and Anthropic/OpenAI because of AI's risk to labor.
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> Multiple people I know were rebalancing their portfolios way from the big index funds
Hypothetically, let's say the SpaceX IPO is a wild success. Will those people be disappointed on missing out in the returns? In other words, did they rebalance away because of financial numbers they didn't believe in or did they rebalance away because of emotional or philosophical reactions to the company? If they just don't like the company (likely company leadership) then i would guess they don't care how much return they miss out on, they want nothing to do with SpaceX period.
I made a long drawn out comment up thread but i feel like a lot of this drama is due to an emotional response to SpaceX because of Musk, and the possibility of him becoming the first trillionaire, and Anthropic/OpenAI because of AI's risk to labor.