Comment on The Stock Market is Just Financial Fantasy Sports
SaveTheTuaHawk@lemmy.ca 2 days agoAnyone who wastes 4 years on a commerce degree: explain why TSLA is $480. They will curl up in a fetal position crying.
Comment on The Stock Market is Just Financial Fantasy Sports
SaveTheTuaHawk@lemmy.ca 2 days agoAnyone who wastes 4 years on a commerce degree: explain why TSLA is $480. They will curl up in a fetal position crying.
sp3ctr4l@lemmy.dbzer0.com 2 days ago
A… commerce degree?
Forgive my American dialect, but is that… Canadian… for a Business degree?
Uh anyway, myself having degrees in Econ and Poli Sci, here’s my attempt at explaining it, at this late date:
Sunk Cost Fallacy.
IE, its now essentially its own self-perpetuating delusion, its own bubble all in and of itself.
How did it get to this point?
Uh, Elon is a con artist.
See the same part of the Poli Sci textbooks that attempt to answer ‘Why do people who are directly, negatively impacted by Republican policies keep voting for them?’
Though at that point we may need to just delve more into Psychology, groupthink, socially performed identities, cults, etc.