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A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by jshen on Tuesday May 10, 2022 @12:18AM (#31323408)
Again, they aren’t a good company today if they can’t weather a down turn. They may have been a good company in the past, but they aren’t currently if they can’t make it.
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Re:Coinbase stock lost over 75% value by nradov on Tuesday May 10, 2022 @01:13AM (#31323682)
That definition of "good company" is close to being just a tautology. It isn't useful to investors or business managers.

Are there any consistent patterns which allow us to reliably predict which good companies will contine being good longer term?

[ Parent | on HN ]
Re:Coinbase stock lost over 75% value by jshen on Tuesday May 10, 2022 @01:45AM (#31323866)
What's your definition of a good company? If people could reliably predict which companies are and will remain good then they will be very rich. Most of us can only know in hindsight for the most part. This is why virtually no one picking individual stocks beat the S&P 500 index over the long run.
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