To me, all this stonks nonsense is just investors with a new scam trying to supplant the investors running the old scam.
Anyway it’s a good thing in that it exposes the grade-school explanation that the “stock market is a meritocracy where the best businesses/ products rise to the top” as total bullshit.
An alien looking at the stock market would assume that Tesla makes the best cars; MacDonald’s the best food; and Microsoft the best software.
To me, all this stonks nonsense is just investors with a new scam trying to supplant the investors running the old scam.
Anyway it’s a good thing in that it exposes the grade-school explanation that the “stock market is a meritocracy where the best businesses/ products rise to the top” as total bullshit.
An alien looking at the stock market would assume that Tesla makes the best cars; MacDonald’s the best food; and Microsoft the best software.