I feel like meme culture has almost become an asymmetric bet to make money, and it's pretty spot on what you said about Warren Buffett with Berkshire Hathaway being like the "boomer meme stock".
A lot of investing is based on narrative and forecasting, and often the most important characteristic of an investment's fair value comes down to predicting numbers you can't possibly know for sure.
Take Blockbuster, if they had evaluated their business in the late 90s, they might have assumed it would be worth a certain price in 2025.
But they couldn't account for tech advancements and (Netflix & chill). Every investment involves some level of speculation. - Gabriel
thank you for the money
Every single cash cow started out as just a story.
Pomp writing about Jesus Christ is what the people want!
I feel like meme culture has almost become an asymmetric bet to make money, and it's pretty spot on what you said about Warren Buffett with Berkshire Hathaway being like the "boomer meme stock".
A lot of investing is based on narrative and forecasting, and often the most important characteristic of an investment's fair value comes down to predicting numbers you can't possibly know for sure.
Take Blockbuster, if they had evaluated their business in the late 90s, they might have assumed it would be worth a certain price in 2025.
But they couldn't account for tech advancements and (Netflix & chill). Every investment involves some level of speculation. - Gabriel