You might be the only other person on the internet I've encountered who has noticed this phenomenon. Do you see it everywhere like I do (social media, personal conversations, journalism, politics, you name it)? And while most people dismiss it as "just people being people", doesn't it actually seem like an extremely big deal?
It is the end result of free speech. Free to say what you want and then you have to be an adult and deal with the results.
If it was just your crazy uncle who stands on the corner and yells his crazy it would be fine. His audience is small and his reach is tiny. So who cares.
When you have a LOT of people listening Rogan does actively cause harm to a percentage of his audience who are incapable of understanding he is an uninformed idiot.
How many people died from his views? How many people took horse medicine instead of seeking out people with brains? I am sure there are a number of people dead today because of him. It is what it is. Or maybe it is darwin.
Rogan was always stupid that's what makes him relatable. The whole podcast formula is to have some average dimwitted Joe taking with a crazy array of guests, just like when you go to his show you can feel good that you and everyone else are at least as funny as a popular comedian.
Elitest nonsense, while he's not everyone cup of tea he has had some excellent guests on. Its the great thing about freedom, you can choose to consume it or not.
> Joe Rogan is telling the truth about things that the government is lying about
The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it isn't true, and he knows it, and until yesterday, he was laughing all the way to the bank. You better believe he's concerned, but he'll double down on pretending not to care. Jesus, $4B. That's a lot of tamales.
Inflation is up, Fed is suggesting rate hikes. Both of these are major hits against growth stocks.
The question for investors is the so called "Alpha", that is, what is Spotify's price movement against its "benchmark" (and benchmark can be somewhat arbitrarily chosen).
S&P500 is a common benchmark, but that represents the general stock market, particularly large-caps.
QQQ (Nasdaq) is another, representing tech firms. But with Microsoft and Apple as established companies who'd likely benefit from rising rates and inflation, maybe that's not the best.
ARKK is hyperfocused on high-tech growth stocks like Spotify (and includes ~5% of ARKK is Spotify). Is that the proper benchmark to determine alpha? Also, as a hyper-specialized ETF, there's a bit of "tail-wagging-the-dog" effect, where ARKK is down, which causes the underlying (like Spotify) to go down. So despite being so similar (even consisting) of Spotify, it can arguably be the wrong benchmark. (Or, ARKK is down because 5% of it is in Spotify, and the whole Neil Young / Rogan thing is weighing ARKK down)
Maybe Russell 3000 (small stock index) is what we want to compare against? Small stocks are almost entirely of the growth style, and you've got enough other stocks in the index that you won't have the tail-wagging-dog effect.
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Lots of benchmarks to choose from. Its not about how a stock does individually, but how a stock compares against its peers. The discussion should revolve around picking the right peer group.
19 comments
[ 3.3 ms ] story [ 63.7 ms ] threadRogan is turning into or already is the new Rush. As he gets older and dumber he will only continue to push more harmful views.
If it was just your crazy uncle who stands on the corner and yells his crazy it would be fine. His audience is small and his reach is tiny. So who cares.
When you have a LOT of people listening Rogan does actively cause harm to a percentage of his audience who are incapable of understanding he is an uninformed idiot.
How many people died from his views? How many people took horse medicine instead of seeking out people with brains? I am sure there are a number of people dead today because of him. It is what it is. Or maybe it is darwin.
Not as bad as vaccine misinformation, of course, but still.
https://www.youtube.com/watch?v=dTn9cHGPmUw
> Joe Rogan is telling the truth about things that the government is lying about
The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it isn't true, and he knows it, and until yesterday, he was laughing all the way to the bank. You better believe he's concerned, but he'll double down on pretending not to care. Jesus, $4B. That's a lot of tamales.
/s
/t
The question for investors is the so called "Alpha", that is, what is Spotify's price movement against its "benchmark" (and benchmark can be somewhat arbitrarily chosen).
S&P500 is a common benchmark, but that represents the general stock market, particularly large-caps.
QQQ (Nasdaq) is another, representing tech firms. But with Microsoft and Apple as established companies who'd likely benefit from rising rates and inflation, maybe that's not the best.
ARKK is hyperfocused on high-tech growth stocks like Spotify (and includes ~5% of ARKK is Spotify). Is that the proper benchmark to determine alpha? Also, as a hyper-specialized ETF, there's a bit of "tail-wagging-the-dog" effect, where ARKK is down, which causes the underlying (like Spotify) to go down. So despite being so similar (even consisting) of Spotify, it can arguably be the wrong benchmark. (Or, ARKK is down because 5% of it is in Spotify, and the whole Neil Young / Rogan thing is weighing ARKK down)
Maybe Russell 3000 (small stock index) is what we want to compare against? Small stocks are almost entirely of the growth style, and you've got enough other stocks in the index that you won't have the tail-wagging-dog effect.
----------
Lots of benchmarks to choose from. Its not about how a stock does individually, but how a stock compares against its peers. The discussion should revolve around picking the right peer group.