back
user profile

ericmay

8,664karma·4,214submissions·July 29, 2019
about
Views/Comments are my own.

Downvotes mean I'm right, upvotes mean folks agree with me :)

recent activity (4,214 total)
comment
Well not really. So you're wrong here yet again. What's the total value of all minerals and resources on Earth. If SpaceX had a goal to colonize other planets or asteroids and the sum total …
1mo ago·view thread
comment
> The naïve retail investors you suggest should buy index funds will be exposed to SpaceX and the other AI companies through them, no? You're exposed to any company that hits the public market…
1mo ago·view thread
comment
Then just don't buy the pump-and-dump and stick to ETFs. Already explained things like lockup periods. Investment firms marketing the IPO also do. not. want. IPO prices to crater after the IPO. I…
1mo ago·view thread
comment
> I think it's more than reasonable to say that the average minecraft player is probably a child and one of the most popular servers being full of swastikas and racial slurs probably isn'…
1mo ago·view thread
comment
You're just making stuff up. Even in this contrived scenario, a stock plunging to 50% of its IPO price doesn't indicate much. It can still be a good investment. Stocks are punished for non-m…
1mo ago·view thread
comment
> Most retail investors suffer from significant information asymmetry. We have regulations, in part, to mitigate this fact. I don't disagree - however that's a separate point from the OP&…
1mo ago·view thread
comment
Sure. A great example of that is the corruption of Spain's socialist government: https://www.nbcnews.com/world/spain/spain-pm-sanchez-brother... Just friendship and lov…
1mo ago·view thread
comment
I wrote in another post which I think fits nicely here: You are ignoring things like lockup periods, vesting schedules, and other general machinery that specifically exist to prevent day 1 or short-te…
1mo ago·view thread
comment
You can't make an informed decision on it unless you do your own research and analyze an individual stock. Then it's up to you to decide if it's worth investing in. This is true for any…
1mo ago·view thread
comment
Sure, but this applies to any sufficiently advanced conspiracy theory and wouldn't be limited to markets. Secondly you the individual can just not buy the shares if you think they are overvalued.…
1mo ago·view thread
comment
> The flaw in your thinking is assuming it's actually worth the IPO price. Then don't buy it at the IPO price? The bullshit artist will have to lower their price until there are takers in…
1mo ago·view thread
comment
> Every day investors absolutely buy these shares; these price targets are publicly available and SpaceX shares are equally publicly available. And you can just not buy the shares . It's very…
1mo ago·view thread
comment
> My point is that until those investors exit, there is no ROI. Ok well they can just exit in private markets before these shares are "dumped" on public markets. Therefore there is an exi…
1mo ago·view thread
comment
> It's the 1920s all over again; publicly pump and privately sell into the demand you're creating. It's not the 1920s all over again. > Of the investment banks that helped SpaceX …
1mo ago·view thread
comment
And when do those investors exit? Nobody forces you or any other individual investor to buy shares in their “pump-and-dump company” when it lists.
1mo ago·view thread
comment
The flaw in your thinking here is that you’re assuming these greedy people that you are creating in your head would prefer to lose half the value of the shares instead of doubling them. The entire pro…
1mo ago·view thread
comment
> The exit plan is to offload overpriced shares, that they paid billions for, onto the public market. If they don't IPO, those investors get nothing. I keep seeing these unsubstantiated claims…
1mo ago·view thread
comment
> Suits are not even impressive looking as everyone looks the same. You're focusing too much on the suit itself and that's causing you to miss the point. The suit is just traditional west…
1mo ago·view thread
comment
> If anything, suit is boring minimalist choice, every man looks exactly like the man next to him. It's less about the suit itself - I don't mean to imply everyone should wear the same th…
1mo ago·view thread
comment
The "colonizer" rhetoric is just part of it, but it's more so as a piece of the puzzle that shows of an overall change in how we perceive ourselves and how we report on things in the pu…
1mo ago·view thread
comment
> It's a market response where everyone needs to (or feels the need to) pick up and move at a moment's notice. Yes, but it's deeper than that. Two broad reasons, though your point he…
1mo ago·view thread
comment
> If israel's nuclear program isn't a "bad action", then Iran's nuclear program isn't a "bad action", either. If there is no bad action there, then there…
1mo ago·view thread
comment
> It's even simpler than that: all countries do have equal rights. The fact that russia or israel or the USA feel differently, and violate those rights, is immaterial. You forgot some countrie…
1mo ago·view thread
comment
I agree and upvoted you for a good comment with a good source. In my mind I was thinking about how humans have to actually go back to the land. In Ukraine we’ve seen what amount to drone enforced no-m…
1mo ago·view thread
comment
> - All countries have equal rights. It’s even more simple. All countries don’t have equal rights. The strong make the rules and the weak suffer what they must. That’s how the world actually func…
1mo ago·view thread
comment
That’s wrong. The US and UK airlifted anti-tank and anti-aircraft missiles among other things to Ukraine while telling the world Russia was about to invade (which Europeans refused to believe). You ma…
1mo ago·view thread
comment
Thanks yes. You can read about Germany shedding 10,000 manufacturing jobs a month for yourself here: https://www.wsj.com/economy/china-is-devastating-the-last-st... And let’s not…
1mo ago·view thread
comment
Iran routinely denied inspectors access to facilities. American intelligence isn’t 100% accurate. And why should we have to effectively pay off Iran or have some special deal where they hold the world…
1mo ago·view thread
comment
> Ukraine is proving that the "big bombs" are useless Depends on the application. The drones have to be manufactured somewhere. You need electricity. Running water. Industrial facilities.…
1mo ago·view thread