When Everything That Counts Can’t Be Counted
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When Everything That Counts Can’t Be Counted
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Re: When Everything That Counts Can’t Be Counted
#2> This is why Uber is worth more than all of the auto makers and taxi companies that own their own fleets of cars.
I think this is bullshit. Uber may be worth more than auto makers, but this is a bubble and will not last (unless uber manages to create an autonomous taxi service in the next few years). They were just lucky and intelligent enough to get around regulations, but regulations are catching them.
Uber's tech is simple and easily replicable. The moment they raise their prices, they loose their market share. There is no network effect in this market.
It is simply obvious that Uber provides much less added value than any automaker.
Re: When Everything That Counts Can’t Be Counted
#3"If Ford Motor were a savvier marketer of their stock, which has changed hands at more or less the same price for twenty years, they’d be calling buyers of their cars a user base and the cars themselves would be rechristened “physical mobility apps."
I don't think I would ever buy a car that was described as a "physical mobility app" as it would imply to me that the people running that company had forgotten what it was they were actually manufacturing.
Re: When Everything That Counts Can’t Be Counted
#4wonderfull reading i'm sharing this with my friends
Re: When Everything That Counts Can’t Be Counted
#5I'm not familiar with this writer, but it sure reads like a giant troll and shill for tech stocks. He's right about one big thing though: there's too much money in circulation, and it causes asset bubbles in weird, useless shit like Uber stock and shitcoins; whatever has the PR megaphone. When the next collapse comes, I'm guessing before or shortly after the next US Presidential election, I'd rather hold value stocks. Actually, I'd rather hold foreign real estate.
Trend following is great; you have to sell at the right time though.
Re: When Everything That Counts Can’t Be Counted
#6> This is why Uber is worth more than all of the auto makers and taxi companies that own their own fleets of cars. I think this is bullshit. Uber may be worth more than auto makers, but this is a bubble and will not last (unless uber manages to create an autonomous taxi service in the next few years). They were just lucky and intelligent enough to get around regulations, but regulations are catching them. Uber's tech…
Well it can't be that obvious that Uber is overvalued. Are you of the belief that all the big players/investors betting on Uber are missing what you consider to be obvious? Or do you think everyone's just trying to time the bubble collapse...?
Re: When Everything That Counts Can’t Be Counted
#7I'm not familiar with this writer, but it sure reads like a giant troll and shill for tech stocks. He's right about one big thing though: there's too much money in circulation, and it causes asset bubbles in weird, useless shit like Uber stock and shitcoins; whatever has the PR megaphone. When the next collapse comes, I'm guessing before or shortly after the next US Presidential election, I'd rather hold value stocks…
There's not "too much money in circulation." There's too much money in the hands of the wealthy who have nothing genuinely productive to do with it.
That same money in the hands of those who are currently barely scraping by—or not even scraping by, homeless or heading that way—would make a real difference in their lives, and would be spent on truly useful and absolutely mundane things.
Re: When Everything That Counts Can’t Be Counted
#8> This is why Uber is worth more than all of the auto makers and taxi companies that own their own fleets of cars. I think this is bullshit. Uber may be worth more than auto makers, but this is a bubble and will not last (unless uber manages to create an autonomous taxi service in the next few years). They were just lucky and intelligent enough to get around regulations, but regulations are catching them. Uber's tech…
> Uber's tech is simple and easily replicable. The moment they raise their prices, they loose their market share. There is no network effect in this market.
I disagree that there is no network effect. When one travels to another country it is much easier to use Uber rather than to find what local brew of 'carpooling' service is available, create an account, put in credit card info etc.
Their tech is easily replicable but their global presence is not.
Re: When Everything That Counts Can’t Be Counted
#9> This is why Uber is worth more than all of the auto makers and taxi companies that own their own fleets of cars. I think this is bullshit. Uber may be worth more than auto makers, but this is a bubble and will not last (unless uber manages to create an autonomous taxi service in the next few years). They were just lucky and intelligent enough to get around regulations, but regulations are catching them. Uber's tech…
> Uber's tech is simple and easily replicable. The moment they raise their prices, they loose their market share. There is no network effect in this market. I disagree that there is no network effect. When one travels to another country it is much easier to use Uber rather than to find what local brew of 'carpooling' service is available, create an account, put in credit card info etc. Their tech is easily replicable…
That isn't so much a network effect as it is burning money on 6 continents. If Uber isn't the most cost effective solution at home there isn't much incentive to use it abroad either.
I've been in lots of places - pre Uber - where I didn't even speak the local language. Even then finding a taxi was not taxing. If Uber can't make a profit on local traffic it is going to be a mighty feat if they make money off non-local traffic.
Re: When Everything That Counts Can’t Be Counted
#10I'm not familiar with this writer, but it sure reads like a giant troll and shill for tech stocks. He's right about one big thing though: there's too much money in circulation, and it causes asset bubbles in weird, useless shit like Uber stock and shitcoins; whatever has the PR megaphone. When the next collapse comes, I'm guessing before or shortly after the next US Presidential election, I'd rather hold value stocks…
There's not "too much money in circulation." There's too much money in the hands of the wealthy who have nothing genuinely productive to do with it. That same money in the hands of those who are currently barely scraping by—or not even scraping by, homeless or heading that way—would make a real difference in their lives, and would be spent on truly useful and absolutely mundane things.
All right: there's too much money going into asset bubbles instead of ordinary people. Same difference. Economists love it, as asset bubbles don't look like inflation, and deck shuffling counts towards GDP.