Re:Dropbox Amendment to Form S-1
by chowells on Monday March 12, 2018 @03:35PM
(#16570758)
A lot of people consider greater fool assets to be financially unsound, no matter what their historical performance might be.
Stocks typically provide real value in up to 3 different ways. First is paying dividends. Second is voting power. Third is liquidation preference.
Many new tech stocks provide none of those. All they provide is a hope that some fool in the future will pay more for them than you did.
As long as we're in a bubble, those greater fool stocks will keep going up. Sooner or later, the bubble will end. Some people consider it financially unwise to depend on the continued existence of a bubble for their financial positions.
Re:Dropbox Amendment to Form S-1
by zapita on Monday March 12, 2018 @05:41PM
(#16571923)
It's one thing to argue that an investment is a bad one. It's quite another to say that limited voting rights mean you're "getting nothing in exchange for your money". I don't think you've adressed that claim at all... So what's your point?
Stocks typically provide real value in up to 3 different ways. First is paying dividends. Second is voting power. Third is liquidation preference.
Many new tech stocks provide none of those. All they provide is a hope that some fool in the future will pay more for them than you did.
As long as we're in a bubble, those greater fool stocks will keep going up. Sooner or later, the bubble will end. Some people consider it financially unwise to depend on the continued existence of a bubble for their financial positions.