> Investors aren’t that dumb Maybe not individually, but this is an IPO and the ... | Hacker News

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Eisenstein on June 16, 2023 | parent | context | favorite | on: Reddit appears to be restoring edited/deleted comm...

> Investors aren’t that dumb

Maybe not individually, but this is an IPO and the P stands for Public, and when you aggregate everyone together then intelligence is a moot concept.

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