alt Hacker NewsSorry what is the punch-line here supposed to be? These investments obviously increase correlation coeffs., but these are highly correlated stocks to begin with.
Replies
jsrozner • today at 2:50 AM
The issue is simply that the posted article begins with a review of recent earnings/ revenues, but fails to discuss that a substantial part of those revenues are investment markups.
Whether it matters we don’t know yet, but it’s a fact worth noting. A better article might have tried to argue why it doesn’t matter
valuation gains on investments are one-offs, not signs of sustained improvements in profitability that would warrant higher market caps
when those valuation gains are in turn the result of circular financing schemes (a bakery giving out money so that people buy bread from it), we're getting to a dangerous situation