"if" is the name of the game in investing.
you say you don't see it. fine. these investors do - thats why they are investing and you are not.
That's a very dismissive and unrealistic statement. There are plenty of investors investing in things such as AI and crypto out of FOMO who either see something that isn't there or are just pretending to see something in the hope of getting rich.
Obviously, there are plenty of investors who don't fall into this situation. But lets not pretend that just because someone has a lot of money or invests a lot of money that it means they know what they are doing.
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You should read the entire comment.
They also have the warchest to afford a $1B gamble.
If the math worked out for me too, I’d probably invest even if I didn’t personally believe in it.
Also investors aren’t super geniuses, they’re just people.
I mean look at SoftBank and Adam Neuman… investors can get swept up in hype and swindled too.