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mullingitoveryesterday at 11:07 PM2 repliesview on HN

In the combination Keynesian Beauty Contest[1] and casino that passes for an equity market in the US, everyone knows that Tesla is ugly as hell, but everyone also knows that everyone knows that it will get votes, so the show goes on.

[1] https://en.wikipedia.org/wiki/Keynesian_beauty_contest


Replies

erutoday at 2:29 AM

What do you mean by 'everyone'? Tesla usually has quite a bit of short interest.

idiotsecanttoday at 2:55 AM

Only works until it doesn't.