csoups14
Joined 3 years ago
Karma
162
Submissions
62
Member since
May 30
Joined 3 years ago
Motion, not progress. So much talk of 100x and 1000x engineers, so little to show for it.
This is simply absurd. Of the investment banks that helped SpaceX IPO, Goldman Sachs has their price target at $205 (139x implied price to sales), JP Morgan at $225 (152x implied P/S), Deutsche Bank at $255 (173x implied P/S), Morgan Stanley at $300 (203x implied P/S), and Raymond James at $800 (542x implied P/S). It's the 1920s all over again; publicly pump and privately sell into the demand you're creating. I'm guessing you're perfectly fine with this behavior from the largest market participants?
When the history of this time is written I believe it will be exceedingly obvious that the MAGA and the Republican Party were an incurable cancer and there was nothing that the Democratic Party could have done within the context of the existing political structure to stop it from spreading. They might have had one opportunity to avoid it by focusing more on supporting individuals and less on supporting financial institutions in 2008, but the political context of that time was entirely different. At some point it is worthless to blame one political party for another driving the country off a cliff. Yes, they should have done things differently in hindsight, but there is little value in holding them accountable for information they did not have at the time.