alt Hacker NewsGME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius?
Tesla has been a meme stock for about five years now, maybe more. Its valuation correlates with Musk's abilities as a showman and media figure, not a businessman.
Replies
> GME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius?
GME did not beat the S&P500 over the past 10 years, and it is just the evidence of you needing to verify your claims before making them.
Over the past 5 years[0]: S&P500 up by 77%, GME down by 50%.
Over the past 10 years: S&P500 up by 260%, GME up by 207%.
GME performance in the past 10 years doesn't indicate that Ryan Cohen is a business genius. It indicates that he runs a company that has been underperforming the market for at least the past decade.
0. https://www.google.com/finance/beta/quote/.INX:INDEXSP?windo...
I was responding to the idea Musk is not a good businessman. I think the evidence suggests otherwise.
Market Cap: Tesla (TSLA): ~$1.4T GameStop (GME): ~$9.7B
If anything, GME is a meme.
I also gave my bias so as a way to ignore me.