| ▲ | jen729w 2 hours ago |
| > I know some who bought during the IPO who are now underwater Yeah you don't say. High of $124, currently $22. But hey: that's ~~gambling~~ stock trading for you. https://au.finance.yahoo.com/quote/FIG/ |
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| ▲ | kubb an hour ago | parent [-] |
| No sympathy from me. I just wish it happened more to people who overpay for stuff like houses or Tesla stock. |
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| ▲ | JumpCrisscross an hour ago | parent [-] | | > I just wish it happened more to people who overpay for stuff like houses or Tesla stock That's pretty mean. I disagree with a lot of people on their investment choices and evangelism. That doesn't mean I want them to suffer for it. | | |
| ▲ | kubb an hour ago | parent [-] | | It’s not that I want them to suffer, it’s that them being rewarded incentivizes suboptimal behavior and outcomes. Markets don’t work anymore. Which results in even more suffering. | | |
| ▲ | JumpCrisscross 9 minutes ago | parent [-] | | > them being rewarded incentivizes suboptimal behavior and outcomes What if they're choosing correctly? Like, I've been pretty consistently critical of crypto. Yet I'm glad my index funds have to buy Coinbase. |
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