• UnderpantsWeevil@lemmy.world
    link
    fedilink
    English
    arrow-up
    11
    ·
    edit-2
    5 months ago

    Buying at the all time peak is ALWAY a stupid buy

    If you bought NVIDIA at $43/share on September 1, 2023 you were an absolute dipshit.

    If you bought Palantir at $35/share on January 29, 2021 you were a total moron.

    Meanwhile, Bear Stearns at $60 in March of 2008? A fucking steal. Buy! Buy! Buy!

    Like playing the slot machines hoping for a jackpot.

    I always read the prospectus on a slot machine before I put money in. Strangely enough the p/e on these things is amazing, but I never make any money on my trades.