SpaceX Investors in Meltdown Over All the Money They’ve Lost

The stock market is gambling.

“SpaceX gamblers in meltdown over not having a winning bet.”

I gotta disagree that the stock market is inherently gambling. If an investor does their due diligence, looks at the fundamentals of a company, and makes an informed decision to invest, they are very likely to see some sort of return on that investment.

Unfortunately, we’re deep into “vibe investing” territory now, where stats like P/E ratios no longer seem to matter to either institutional investors or many casual investors. Where people are dumping their money is now disconnected from where it’s wise to dump money

I think it comes down to

• on paper it isn’t gambling
• in practice it has become gambling

ETFs are generally better, especially if you don’t touch them for a long time.