School me on investing...

The $230billion market capitalization that Facebook lost today is greater than the annual GDP of 145 of the 190 countries in the CIA world book database. It is on par with the GDP of Vietnam. Twice that of Ukraine. 15 years worth of the entire economic activity of Jamaica. 4 months of Saudi Arabia's entire economy.

https://www.worldometers.info/gdp/gdp-by-country/

 

All for a data mining dog pic and breakfast sharing computer software company. Ever stop and wonder if we've lost the plot?

 

Can there be any doubt?

 

Got in some FB at $235. Still not joining. Genius or a decade late to the party???

 

Not mutually exclusive, but I'm leaning toward the latter.

And maybe even a third metric of a decade too early if this metaverse thingymabob ever takes off.

I'll tell ya in ten years which it is.

 

Could you make it 6-7 years? Not sure I'm gonna make 10

 

Then quit investing and buy another motorcycle! YOLO!!!!

 

I cancelled my RIVN buy order to get the FB... didn't see it hitting $50 soon. If it does I'll look thru the couch cushions...

 

Best advice in this entire thread

 

I just traded 30 shares of DIA for a Husky supermoto.

To your point, I like that investment better

 

My new favorite dog!

Run, shiba inu, run!

 

It's funny how it takes the largest losses, yet then takes the largest gains. It's like... at what point should I trade this over to ETH or BTC? Longest damn yoyo I've ever seen.

 

yep. I bought a little that dog too. Good puppy...

 

Where do I buy some?

 

You don't.

Ya jinx!

 

I will get on an effing plane tomorrow....

 

DAMMIT!!!!

You bought some, din'cha???

 

He doesn't even need to buy some.

He just wants some and tanks it.

 

I think @motion must have sold his electric car stock. They are all actually going up today. Well all the ones I care about.

Plus I sold some stock that had gone up but was now flat and bought more electric car and Astra space. When you buy a bunch and they are down 30-50% it really makes them look not as far down. So I've got that going for me.

Hell they are now practically flat....So I keep telling myself.

 

Dollar cost averaging is just a clever way to justify throwing good money after bad.