alt Hacker NewsThe underlying value of a tulip is the same as it was in 2000 and 2026. The underlying value of Google is much different in that same time frame.
The underlying value of a tulip is the same as it was in 2000 and 2026. The underlying value of Google is much different in that same time frame.
There is no underlying value. It is only how much other people are willing to exchange for it.
So stock marked is always meaningless except considering it is so large and consequanetial and so many people have access to it that it will be rational automagically. This is more of a belief that seems to be fairly correct than a rational line of thinking. This is similar to Democracy in a way