this post was submitted on 28 Mar 2025
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And now you understand the stock market. Everything is worth something, but it's only worth what someone will pay for it. If the richest man in the world says he owns 7, the stock soars! But in reality, the stock isn't worth anything more than it was before. There's just more dupees in the market now.
This is worth 1,000,000,000 dollars if someone buys it at that price.
Stocks, art, wine, same valuation technique. Slap a sticker price and if someone buys it, that's the value. Welcome to capitalism.