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Small investors scrambled to buy SpaceX, despite belief valuation 'stupid'(cnbc.com)
4 points by 1vuio0pswjnm7 12 hours ago | 1 comments
SilverElfin 11 hours ago | parent [-]

I think the problem is the market is often irrational and subject to groupthink. It’s not irrational to take a bet that the value somehow sticks around, especially with all the games being played to prop up this overvalued stock.