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Cake day: March 11th, 2024

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  • The stock market is a way to publicly trade partial ownership of companies. The value of a stock is whatever people are willing to pay for it. That’s based on speculation but at least somewhat anchored in the companies’ revenues and profits/losses.

    The revenues and profits/losses are real values reported quarterly. Projected revenues are just that - estimated future predictions. Of course there can be fraud, but that’s unlikely from a company as large as Microsoft.

    Event DJT, which has a valuation based on nothing but speculation and political loyalties still reports that they are losing money hand over fist.