• 2 Posts
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Joined 1 year ago
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Cake day: July 2nd, 2023

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  • In a speculative market, which is the reality in which we both exist, share value can absolutely be divorced from a balance sheet. As you’ve pointed out, that is the case here.

    So what is the speculative value to an investor? Why ISN’T it zero?

    If you have a theory better than “investors believe he’ll use his position as president to increase the value of his own holdings if he wins” I’d be curious to hear it.

    Maybe it’s by making presidential decisions contingent on “friendly actions” like buying shares if you’re a foreign nation or even a domestic interest. Maybe he’ll award government communication contracts.

    Super interested in an alternative explanation, though.