The Elon Musk Hype-pothesis

 
 

Dogecoin Millionaires
As the price of doge-coin reach new heights, <Dogecoin Millionaires> began appearing on the headlines and <Dogecoin Investors> started appearing on Facebook investment forums to dispense their worldly advice. Much as I love the shiba-inu dog and meme, I do not see any correlation between the lovable animal, and the lines of code generating limitless supplies of tokens which are plastered with the shiba inu label. More specialized investors in the cryptocurrency space, which once dismissed Dogecoin as a shitcoin, will have been dumbfounded by the magnificent multi-bagger they have missed out.

I have no doubts that there are specialized investors in the DLT / Cryptocurrency space that have very high spheres of knowledge, that can spot the game changers and emerging technology trends that may revolutionize the world. I am personally impressed with the developments in Project Ubin, which has potential to disrupt the SWIFT Network, and revolutionize the banking sector. I have seen implementation of successful use cases of smart contracts in Service Level Agreements. I have been through some of the lectures from Adam Back, whom is a pioneer in the cryptocurrency space and was suspected to be the mysterious Satoshi Nakamoto. However, I still fail to grasp how Dogecoin has any intrinsic value at all.

Strictly speaking, because of the hyper-inflationary design of Dogecoin, (No algorithmically set limit of tokens, only the rate of production is set), Dogecoin is a better currency than Bitcoin as people whom once held it actually wants to spend it, as its purchasing power is perceived to be eroding over time. Now, I have no idea why people is actually HODLing Dogecoin at all apart from Elon Musk Intervention.  At this point of time, I decide to give up making sense of the market and strictly stick to my limited circle of competence. As a Dinosaur investor, I shall simply prepare the popcorn and let the market participants do whatever they need to do. From this market anomaly, I also propose an improvement to the academic revered EMH to reliably beat the market.


The Efficient Market Hypothesis (EMH)
The efficient market hypothesis (EMH)is a hypothesis that states that share prices reflect all information and consistent alpha generation is impossible.

According to the EMH, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices. Therefore, it should be impossible to outperform the overall market through expert stock selection or market timing, and the only way an investor can obtain higher returns is by purchasing riskier investments.


The Elon Musk Hype-pothesis - How to Attain Market beating performance
1) Accumulate a significant position in a company with deteriorating fundamentals and terrible management like SPH
2) Find a way to hack into Elon Musk Twitter Account.
3) Tweet <SPH to the Moon>
4) Profit!!! SPH CEO and chairman now awarded <Best performing management for the year!>

Disclaimer
The author disclaims all liabilities and responsibilities from any risk, consequences, loss, warranties, or damage that may arise, whether directly or indirectly, as a result of actions taken based on information provided in this post.

Comments

  1. Rainbow9 May 2021 at 06:10

    Elon Mask has totally EMH-ed it his way. Lol

    ReplyDelete
  2. INTJ9 May 2021 at 18:59

    I like Elon Musk as a person. The world needs more dreamers and risk takers that can set ambitious goals, build business and grow the economy. However, his ways to achieve them are controversial at times.

    In a traditional regulatory system as Singapore, he will already have been charged for securities fraud / or put in MAS watch-list. In the wild economy of the US, maybe he can actually revolutionize the world from there =)

    ReplyDelete

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