this post was submitted on 25 Jul 2026
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Wouldn't lose money if they weren't stupid. How did all of us peasant folk see what was coming, but the savvy investors couldn't?
But they'd never admit that we're intelligent. That would ruin their savvy investor persona. Instead, we're just too woke or have Musk Derangement Syndrome.
To an extent, they weren't betting on the business, they were betting on the masses eating up the stock.
And they were at least initially right, and cashing out 2-4 days after the IPO certainly worked for and of them. Stock going down required some significant portion of them to take their winnings.
They were betting on the stupidity of the retail investor, not the fundamentals of the business.
The same way that investors in Theranos ignored their medially trained family members. They're gambling addicts.