News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
“I’m confident that this company that has never made money will make money someday, so I’m going to pay $30 a share for it” still sounds like it’s imaginary money to me.
The more apt comparison would simply be gambling, if you wanted to be reductionist.
That’s because you don’t understand how new and growing companies work. You don’t show a “profit” if you invest your revenue back in the company.
No, it’s called expected value. Amazon never made a profit for decades until it did.