Uber opens at $42 per share

Re:Uber opens at $42 per share by zackbloom on Friday May 10, 2019 @02:18PM (#19880647)

Who says to invest in companies who's products you use? That does not seem like great advice. You should invest in companies who are undervalued by the market in your opinion, not just because you like the product but because you think they have a good business around it.

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Re:Uber opens at $42 per share by stevenwoo on Friday May 10, 2019 @03:26PM (#19881362)

I believe it's a paraphrasing of Warren Buffett's "invest in what you know". https://abcnews.go.com/Business/wireStory/latest-berkshire-h...

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Re:Uber opens at $42 per share by triangleman on Friday May 10, 2019 @02:52PM (#19880995)

I think Peter Lynch said that.

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Re:Uber opens at $42 per share by baby on Friday May 10, 2019 @03:20PM (#19881296)

Uber is definitely undervalued on HN. They have so much more markets to enter.

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Re:Uber opens at $42 per share by AnimalMuppet on Friday May 10, 2019 @03:55PM (#19881637)

If your business loses money on each transaction, entering more markets isn't going to save you...

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Re:Uber opens at $42 per share by baby on Friday May 10, 2019 @09:03PM (#19883754)

They are expanding agressively, that adds to the cost, they could also increase prices. I'm not worried at all.

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Re:Uber opens at $42 per share by whycombinater on Friday May 10, 2019 @03:46PM (#19881570)

You are correct if your goal is to maximize the amount of money you have.

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Re:Uber opens at $42 per share by smallbigfish on Friday May 10, 2019 @03:08PM (#19881173)

First rule is: invest in something you understand.

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