On: WeWork Goes Bankrupt

[lgleason]

All part to the casino which is the stock market. Buyer beware.

[nradov → lgleason]

Right. Buyers should be careful to only buy stocks that go up.

[lgleason → nradov]

Or consider a different type of investment if they don't want the risk. The low interest rates drove a lot of people into the stock market that would have otherwise chosen more conservative investments. It also drove high valuations for some companies that make no sense. Sadly the market is like a casino with how many stocks are valued and what drives a stock up or down. One one hand if you bet the right way you can make a lot of money, but if you bet wrong you can also lose a lot.

[brightlancer → lgleason]

What you wrote is mostly true if you're talking about long running money losers, particularly tech companies.

It's almost entirely false if you're talking about a business that's turning a profit, especially over years or (better) decades.

Also, there's an obvious difference between day trading and long-term investing.

[chii → lgleason]

well, luckily, wework is not public, and so only sophisticated buyers are able to buy. Therefore, there's no need for "buyer beware", as if there's some scam going on.

[ravin_gees → chii]

WeWork was publicly traded on the NYSE with ticker WE, it went public via a spac in March 2021

[chii → ravin_gees]

I stand corrected - i only recalled they cancelled their IPO, didn't realize they backdoored via a SPAC.